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dimaraw [331]
3 years ago
9

Find the simple interest Kara owes on a 1.5-year loan of $1,500 at an annual interest rate of 7.5%.

Mathematics
1 answer:
lys-0071 [83]3 years ago
6 0
Annual interest ----- 7,5%
halfyear interest ---- x%
----------------------------------
 x = 0,5 *7,5/1 = 3,75%

7,5% +3,5% = 11%


$1500 ---------- 100%
  x ----------------- 11%
-----------------------------
 X = 11*1500/100 = 165

so this mean that $165 is the simple interest what Kara owes on in a 1,5 year 

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