Asked by Anonymous
                Question
Find the amount paid for the loan.
$1500 at 9% for 2 years
            
        Find the amount paid for the loan.
$1500 at 9% for 2 years
Answers
                    Answered by
            mathhelper
            
    at compound interest:
amount = 1500(1.09)^2 = ...
at simple interest
amount = 1500 + 1500(.09)(2) = ....
    
amount = 1500(1.09)^2 = ...
at simple interest
amount = 1500 + 1500(.09)(2) = ....
                                                    There are no AI answers yet. The ability to request AI answers is coming soon!
                                            
                Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.