Asked by 10M1

A finance company borrows money on which it pays interest at the rate of 14% pa. If it pays interest half yearly, find the return per half year on an investment of $1700
Please show working out thanks
Answered by drwls
If the finance company is paying interest out, how can there be a return? You say nothing about the income.

Return per half year to whom? The lender?

The lender gets 7% of 1700 back in the first half year.
Answered by 10M1
That is just the question copied from a text book
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