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2 years ago

Megan took out a loan for $500. The rate is 8%. how much does Megan owe in interest if she pays it back in 4.5 years

Mathematics

2 answers:

Arte-miy333 [17]2 years ago

6 0

56272773829292929383847737373

loris [4]2 years ago

3 0

Answer:

$180

Step-by-step explanation:

0.08 times 500 equals 40 so each year Megan needs to pay $40 in interest. Then you need to do 40 multiplied by 4.5 to get 180.

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