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21-04-2017
Mathematics

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Joshua borrowed $1000 from his friend and paid him back 1050 in six months. what simple annual intrest did joshua pay his friend? please help me im working on simple intrest

Joshua borrowed 1000 from his friend and paid him back 1050 in six months what simple annual intrest did joshua pay his friend please help me im working on simp class=

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jimmymorales jimmymorales

21-04-2017

the answer is $1000 eso es lo que pagan por months

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Aliwohaish12 Aliwohaish12

21-04-2017

1050=1000(1+6/12 r)
Solve for r
r=0.10*100=10%

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