Question

Please help

Answer 1

Karim borrowed one hundred twenty dollars from his older brother for the purchase of a skateboard. He promised to pay back the loan in 6 months at a simple annual interest rate of fifteen percent. How much will Karim owe his brother at that time?

one hundred eight dollars
one hundred twenty−nine dollars
one hundred thirty−eight dollars
two hundred twenty−eight dollars

Answer 2

@zepdrix

Answer 3

Heyy

Answer 4

Hello again :)

Answer 5

120 X 15/100 X 1/2 = 9
120 + 9 = 129 $ ANSWER IS B)

@ganeshie8 this isn't an OPENchat lol

Answer 6

First thing, annual means yearly. We have not gone through a year, only half a year. So only half the rate gets applied (7.5%), which will be tacked onto the original 120 dollars. Just do .075*120 and add that to the base 120

Answer 7

That means you shouldn't chat like that ;) nice job, you still remember finance math!

Answer 8

Ok i think i get it now.

Answer 9

Hahha @ganeshie8 you talking to me?? Lol

Answer 10

Yep, arent you committing the same crime when you tell me not to chat around here haha

Answer 11

LOL