Question
Livia borrows $1500 for 6 months. The annual interest rate is 7%.
A. How much simple interest does Livia pay?
B. How much does Livia pay back?
A. How much simple interest does Livia pay?
B. How much does Livia pay back?
Answers
oobleck
A: 1500 * 0.07 * 6/12
B: principal + interest
B: principal + interest