Miguel rodriguez borrowed $300 from his brother julio to pay for books and tuition. he agreed to pay julio in 6 months with simple annual interest at 6.5%. a) how much will the interest amount to? b) what amount must miguel pay julio at the end of 6 months? what is the simple interest

Miguel Rodriguez borrowed $300 from his brother Julio to pay for books and tuition. He agreed to pay Julio in 6 months with simple annual interest at 6.5%.

a) How much will the interest amount to?

We are given:

Borrowed Amount = $300

Interest Rate = 6.5%

Time =

Therefore, simple interest amount is $9.75.

b) What amount must Miguel pay Julio at the end of 6 months?

Therefore, the amount Miguel must pay Julio at the end of 6 months is:

$300 + $9.75 = $309.75

sine

step-by-step explanation:

step-by-step explanation: