document.write( "Question 1094728: A person borrows $100,000 at a 12% simple interest rate for 1/2 year. How much simple interest I in dollars is owed on the loan at the end of 1/2 year? (Enter an exact number.) \r
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Algebra.Com's Answer #709293 by Alan3354(69443)![]() ![]() You can put this solution on YOUR website! A person borrows $100,000 at a 12% simple interest rate for 1/2 year. How much simple interest I in dollars is owed on the loan at the end of 1/2 year? (Enter an exact number.) \n" ); document.write( "------------- \n" ); document.write( "12%/yr * 1/2 yr = 6% \n" ); document.write( "------ \n" ); document.write( "6% of 100000 = 0.06*100000 \n" ); document.write( "============== \n" ); document.write( " \n" ); document.write( " |