Post a New Question

Math 123

posted by .

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

  • Math 123 -

    $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

Answer This Question

First Name:
School Subject:

Related Questions

More Related Questions

Post a New Question