Miguel rodriguez borrowed $400 from his brother julio to pay for books and tuition. he agreed to pay julio in 6 months with simple annual interests at 6.8% how much will the interest amount to what amount must miguel pay julio at the end of 6 months

The simple interest is calculated as :

S.I = P*T*R

where S.I is the simple interest to be calculated

P = Principal

T = Time period in years

R = Annual interest rate

The the above problem,

Amount borrowed which would be the principal (P) = $400

Time period = 6 months = 1/2 year

Annual interest rate = 6.8% = 6.8/100 = 0.068

Simple Interest = P*T*R

Simple Interest = 400*1/2*0.068 = 200 *0.068

Simple Interest = $13.6

The simple interest amount that Miguel must pay to Julio at the end of six months is $13.6

answear:

a

step-by-step explanation: a

could

step-by-step explanation:

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