Question

3. Mr. Gillet borrowed $3 680 from a bank for 6 months at 8.75% per annum.
Calculate (a) the sum of money Mr. Gillet had to pay the bank as simple
Interest
(b) the total amount of money repaid to the bank
(c) the amount of money paid monthly​

Answer 1

Answer:

നശശനഷശരശരശശശ

Step-by-step explanation:

ഐരയനശനശനഷ

Answer 2

Step-by-step explanation:

1 year interest =3680x8.75/100=$322

so

6 months interest =1/2x322=161

(a) simple interest paid =161

(b) Mr Gillet paid to bank =3680+161=$3841

(c) amount paid monthly =3841/6=$640.16

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