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Leo charged $75 at an interest rate of 12.5%. How much will Leon have to pay after a 24 month if he makes no payments? please show work.
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Leo charged $75 at an interest rate of 12.5%. How much will Leon have to pay after a 24 month if he makes no payments? please show work.

User Sulthan Allaudeen
by
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1 Answer

3 votes
First we have to change the percent into a decimal 12.5%÷100=0.125 75× 0.125×24= 225
User Emiliano Sangoi
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