Use the replacement set {4, 6, 12} to find which values will make the equation 2x + 4 = 16 − x true.
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Answer:
The amount of interest payable after 6 months is $28.
Step-by-step explanation:
Here, the Principal amount borrowed = $400
Rate of Interest = 14%
Time = 6 months = 6 / 12 years = 0.5 year
Now, SIMPLE INTEREST =
So, here SI =
or, SI = $28
Hence, the amount of interest payable after 6 months is $28.