Livia borrows $1500 for 6 months. The annual interest rate is 7%.
A. How much simple interest does Livia pay?
B. How much does Livia pay back?
A: 1500 * 0.07 * 6/12
B: principal + interest
A. How much simple interest does Livia pay?
B. How much does Livia pay back?
B: principal + interest