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2 February, 06:04

Steve Rogers takes out a loan of $600 with an annual simple interest rate of 6%. He agrees to

pay back the amount within 4 months.

Find the total amount due on the loan at the end of 4

months.

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Answers (1)
  1. 2 February, 08:57
    0
    Step-by-step explanation:

    Principal 600

    Rate 6%

    Time 4 / 12 or 1/3 or. 33

    600x6%x1/3

    $12

    Total due 612
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