Because you are part of the family you are only being, Mechanical Engineering

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Because you are part of the family you are only being

4-1. You borrow $500 from a family member and agree to pay it back in 6 months. Because you are part of the family, you are only being charged simple interest at the rate of 0.5% per month. How much will you owe after 6 months? How much is the interest? (4.2)

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