Answer:
The amount of interest payable after 6 months is $28.
Step-by-step explanation:
Here, the Principal amount borrowed = $400
Rate of Interest = 14%
Time = 6 months = 6 / 12 years = 0.5 year
Now, SIMPLE INTEREST = [tex]\frac{P \times R \times T}{100}[/tex]
So, here SI = [tex]SI = \frac{400 \times 14 \times 0.5}{100} = 28[/tex]
or, SI = $28
Hence, the amount of interest payable after 6 months is $28.
