Gina loaned Gerry $300 at an interest rate of 10 percent a year. How much interest will Gina get if Gerry pays Gina after 6 months?

Answer 1

Since there are 12 months in a year and Gerry pays after 6 months, so the percentage of 6 months is 6/12 = 1/2 = 0.5.
Since the general interest is 10% per annum, then the interest of 0.5 is 0.5(10/100) = 0.05.
So the interest that Gina will get is $300 x 0.05 = $<<300*0.05=15>>15. Answer: \boxed{15}.

Answer 2

What’s the answer