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OpenStudy (anonymous):
Find the total amount due on the loan using simple interest. Principle Rate Time in Months $700 2% 6 The total amount due is $________
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OpenStudy (anonymous):
Is it 2% per year? or monthly
OpenStudy (anonymous):
the rate is just 2%
OpenStudy (anonymous):
i bwelieve its $84
OpenStudy (anonymous):
So the rate is 2% in a given 6 months. The easiest way I figure out percentages is just add the rate to 100% and multiply it by the loan. Do you agree $700 is 100% of the loan ?
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