Louis borrowed $500 from his bank. His bank will charge Louis 8% simple interest per year to loan him the money. If he paid back the total amount he owed the bank, including interest, in 6 months, how much should he have paid?

Answer 1

Same type of question I just did for you in your previous post
your time to be used will be 1/2

Answer 2

louis borrowed 500$ from his bank. his bank will charge louis 8 simple interest per year to loan him the money. if he paid back the total amount he owes the bank including interest in 6 months how much should he have paid

Answer 3

5

Answer 4

2