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
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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