<PRE><B>Question 1155280</B>
.


&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;From the context and by &amp;nbsp;DEFAULT, &amp;nbsp;the problem is about simple interest, &amp;nbsp;with &amp;nbsp;NO &amp;nbsp;any doubts.


&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;So, &amp;nbsp;the solution is &amp;nbsp;VERY &amp;nbsp;simple.



&lt;pre&gt;
The simple interest formula for the Future value is


    FV = L*(1 + rt),


where FV is the amount to repay;  L is the borrowed amount (the loan amount) and &quot;r&quot; is the annual interest as decimal; t is the time.


In your case  L = 2400 dollars;  r = 8% = 0.08 (as decimal) and t = 0.5 of a year (6 months).


Therefore,


    FV = 2400*(1 + 0.08*0.5) = 2496.


&lt;U&gt;ANSWER&lt;/U&gt;.  In 6 months, Della Rilley must repay $2496.
&lt;/pre&gt;

Solved, explained, completed and calculated.


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To see many other similar solved problems on simple interest accounts, &amp;nbsp;look into the lesson

&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;- &lt;A HREF=https://www.algebra.com/algebra/homework/percentage/lessons/Simple-interest-percentage-problems.lesson&gt;Simple interest percentage problems&lt;/A&gt; 

in this site.


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