Question

What is the interest if you borrow $100 for 6 years at a semi-annual (6-month) interest rate of 8%?

Answer 1

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..