You borrow $1,200 at a rate of 4.5% for a period of 6 months. How much will you repay at the end of 6 months? (1 point)
A)$27
B)$54
C)$1,173
D)$1,227

Question

You borrow $1,200 at a rate of 4.5% for a period of 6 months. How much will you repay at the end of 6 months?  (1 point)
A)$27
B)$54
C)$1,173
D)$1,227

anonymous · Answer

is it simple or compound interest?

anonymous · Answer

so assuming it to be simple..what does the rate value correspond to..per annum or per month?

anonymous · Answer

don't i have to take 1.200 times and 4.5*6

anonymous · Answer

nah not 6...see the rate per annum is given for which year is the unit..so for 6 months we gotta express that in terms of 1 year that is time here is 1/2..

anonymous · Answer

uuurrrrrggggg

anonymous · Answer

$1524 I am pretty sure

anonymous · Answer

but that not in the answers

anonymous · Answer

its d 1227