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Question 3 Answer saved Marked out of 1.00 Jessica has borrowed $1,000,000 from MQ Bank for one year, if the interest rate is 4.77% p.a.

Question 3 Answer saved Marked out of 1.00 Jessica has borrowed $1,000,000 from MQ Bank for one year, if the interest rate is 4.77% p.a. simple interest. It turned that she made a mistake and was told by the bank that her interest rate is actually 4.77% p.a. compound half yearly. What is the extra amount that Jessica needs to prepare for the total repayment? P Flag question Select one: a. 49975.29 b. 23850.00 c. 568.82 d. 0.00

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