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Charlotte borrowed ( $ 1000000 ) from FIFA Bank for one year at simple interest rate of 2.57 p.a. Unfortunately, she misread the documentation for
Charlotte borrowed \\( \\$ 1000000 \\) from FIFA Bank for one year at simple interest rate of \2.57 p.a. Unfortunately, she misread the documentation for the loan, and has misunderstood the interest charge. In fact, FIFA Bank will charge her interest (in a single payment at the end of the loan) at a rate of \2.57 p.a., compounded half-yearly. What additional amount will Charlotte have provide to repay the loan, due to this misunderstanding? a. 0.00 b. 12850.00 c. 26360.49 d. 165.12 Clear my choice
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