# Miguel Rodriguez borrowed $200 from his brother Julio to pay for books and tuition. He agreed to pay Julio in 6 months with simple annual interest at 6.8%.a) How much will the interest amount to?b) What amount must Miguel pay Julio at the end of 6 months?The simple interest is $

Question

Answer:

a)6/12 *.068=.034b)200 + 200(.034)=$206.80 due at 6 months

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