HALP ME PLS!! Medals and Fans!!

4. Jarod borrowed $500 from his parents. His parents are charging a simple interest rate of 3%. a. How much interest will Jarod pay if he pays his parents back in 6 months? (2 points)
b. How much interest will Jarod pay if he pays his parents back in 3 years? ( 2 points)

Question

HALP ME PLS!! Medals and Fans!!

4.  Jarod borrowed  $500 from his parents.  His parents are charging a simple interest rate of 3%. a.  How much interest will Jarod pay if he pays his parents back in 6 months? (2 points)    
b. How much interest will Jarod pay if he pays his parents back in 3 years? ( 2 points)

luckycoins888 · Answer

@jabez177

luckycoins888 · Answer

Heeellllpppp

welshfella · Answer

he is due to pay 3% of $500 every year

= 0.03 * 500

can you work that out?

welshfella · Answer

- thats the amount  due every year

welshfella · Answer

ur calc will do it for you

jdoe0001 · Answer

tis pretty bad when your parents are charging you interest on a loan =)