Asked by Yenny

carolyn borowed $125 if the interest rate is 1.5% per month on the unpaid balance and she does not pay this debt for 1yr how much interest will she owe at the end of the year

Answers

Answered by yengiang
$125 x 0.15 = $18.75/per month

then multiply by 12 months = $225 is the

amount of interest she owes at the end of the year.

Total balance is: $125 + $225 = $350
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