Asked by carolyn
If you borrow $500.00 at 4.5% for a nine month period, what is the interest amount and how much must you pay back
Answers
Answered by
Damon
interest = .045* 500 * time in years which is 9/12 = .75
.045 * 500 * .75 = interest
pay back = 500 + interest
.045 * 500 * .75 = interest
pay back = 500 + interest
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.