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Margo borrows $1000, agreeing to pay it back with 5% annual interest after 15 months. How much interest will she pay?

Margo borrows $1000, agreeing to pay it back with 5% annual interest after 15 months. How much interest will she pay?
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Margo borrows $1000, agreeing to pay it back with 5% annual interest after 15 months. How much interest will she pay?

User Alberto Schiariti
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8.3k points

1 Answer

3 votes
The answer is $50. Hope this helps!
User SPaz
by
7.9k points
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