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masha68 [24]
3 years ago
12

Andrea borrowed 2,240 at 15% apr for 18 months. how much interest will she pay?is the answer $336

Mathematics
2 answers:
Vlad1618 [11]3 years ago
7 0
15% de 2240 = 15*2240/100 = 336 (1 mês)
Pelos 18 meses será 336*18 = 6.048,00
Alika [10]3 years ago
5 0

Answer:

No, the answer is not $ 336

The interest that she will pay is $ 504.

Step-by-step explanation:

Given : Andrea borrowed 2,240 at 15% apr for 18 months.

We have to calculate  the interest will she pay.

Using formula for Simple interest.

SI =P\times r\times t

Where P is principal amount

r is rate of interest

t is time period.

Given : P = $ 2240

t = 18 months

In years , \frac{18}{12}

r = 15% = 0.15

Substitute, we have,

SI=2240\cdot0.15\cdot\frac{18}{12}

Simplify, we have,

SI = 504

Thus, The interest that she will pay is $ 504.

No, the answer is not $ 336

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