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Margo borrows $1500, agreeing to pay it back with 3% annual interest after 18 months. How much interest will she pay?
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3 votes
Margo borrows $1500, agreeing to pay it back with 3% annual interest after 18 months. How much interest will she pay?

User Carletta
by
7.2k points

1 Answer

1 vote

Answer:

67.5

Explanation:

I'm assuming this is simple interest.

1500x0.03x1.5=67.5

User Sarim
by
6.0k points
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