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3 years ago

14

Ashley took out a $1500 loan and promises to pay it back with 5% interest after 18 months. How much interest would she have to p

ay back?

1 answer:

babymother [125]3 years ago

5 0

Answer:

75.00

Step-by-step explanation:

1500*0.05

because 5% is her interest you convert 5% into a decimal = 0.05

then you multiply 1500 by 0.05 and you get 75.00

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For this case we have the following equation:
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Rewriting we have:
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Rewriting we have:
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Answer:
The solution is:
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