Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  3. miguel rodriguez borrowed $400 from his brother ju

Miguel Rodriguez borrowed $400 from his brother Julio to pay for books and tuition. He...

90.2K

Verified Solution

Question

Basic Math

image

Miguel Rodriguez borrowed $400 from his brother Julio to pay for books and tuition. He agreed to pay Julio in 6 months with simple annual interest at 6.4%a) How much will the interest amount to?b) What amount must Miguel pay Julio at the end of 6 months?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Chemistry
1.2K views

A \"silver\" ring was purchased at a local store. It was stamped \"sterling silver\" which means...

Physics
1.2K views

1. Which of the following would not be observed if you observed the sky without a...

Physics
1.2K views

A 4.26-kg block starts up a 33.0Ëš incline at 7.81 m/s. (a) How far will it...

General Management
1.2K views

Use the data in Assignment A1. Produce a TCO to deliver the product to the end...

Accounting
1.2K views

Transactions The selected transactions below were completed by Silverado Delivery Service during February: Indicate the effect...

Accounting
1.2K views

what are the advantages and disadvantages of the sole proprietorship form of organization? Provide specific examples.

Basic Math
1.2K views

The SUV sticker showed a base price of 43 252 00 with options totaling 3...

Calculus
1.2K views

Given the function below f x 36x 9 Find the equation of the tangent line...

Accounting
1.2K views

antakertain.do?inkertakelgrenenesonlocatorinprogress tabse Cake Abusiness in the retail method of inventory...

Accounting
1.2K views

Need help with this homework problem involving product cost estimate: Total overhead is 116,750 1.Prepare...

Accounting
1.2K views

Sweet Dreams, Inc. manufactures bedding sets. The budgeted production is for 47,800 comforters in 2012....

Accounting
1.2K views

Pam Corporation acquired 70% of the outstanding voting stock of Sun Corporation for $980,000 on...