Question

A student borrows $4000 for tuition to be paid back at a simple interest rate of 5% in 6 months. How much does he pay back in 6 months?

Answer 1

Take 5% of 4000
#% = #/100
of = *

Answer 2

200?

Answer 3

Yes. Simple interest is just the principle (4000) times the interest rate (5%) times the number of instances (1)