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Ne4ueva [31]
3 years ago
6

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]3 years ago
6 0
56272773829292929383847737373
loris [4]3 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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