Question

maxwell borrows 1,000 to repair his car at 9% interest if he pays the loan back over the next 1.5 years how much does he pay back including interest

Answer 1

is interest per 1 year? if so:

interest per year=9%×1000

=90

interest for .5 years=90÷2

=45

1000+90+45=1135

Ans: 1135

Answer 2

Answer:

$1090

Step-by-step explanation:

100%=1000

9%=90

109%=1090