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horrorfan [7]
3 years ago
14

you borrow $200 from a relative for six months. You agree to pay compound interest at the rate of 1% per month. How much interes

t will you pay your relative when you return the money at the end of the six months ?
Mathematics
1 answer:
CaHeK987 [17]3 years ago
7 0
The equasion is I=prt so so it is going to look like this I=200*1%*6 once you solve that you will get 12. you will have pay the relative $12 more
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