What is the interest if you borrow $100 for 6 years at a semi-annual (6-month) interest rate of 8%?
1 answer:
Answer:
100 for 6 years a 6 mnt i.r of 8%
100×6÷12
=50
50÷12×6
25 of 8%
25×8÷100
2 ans..
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