shayanna926
contestada

Determine how much you would receive in return for a 8 month, $500 loan to a friend if you charged the 3% annual interest. Show your work.

Respuesta :

meggivonderhorst

i think its $4,120

I hope this helps

Answer:

$15 dollars

Step-by-step explanation:

use the whole part percent to work out answer

so its x/500 = 3/100 cross multiple 500x3= 1500 then you divide 1500 by 100 which equals 15

it looks like this kinda its hard to put on here

  x   =  3    

500     100

so thats where u cross multiply the 500*3=1500 then divide 1500/100= 15

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