Asked by Joms

A vendor borrowed $7,500 from their cooperative at 8% a year. If he paid at the end of 1 1/2 years, how much in all did he pay?
I am not sure if the answer is $8,400
Answered by Ms. Sue
I = prt
I = 7500 * 0.08 * 1,5
I = 900

Yep, $8400 is right!