Find the amount paid for the loan. $1500 at 9% for 2 years

Question

asked Jul 17, 2021 98.5k views

1 Answer

Sehrob · Answer 1 · 2021-07-21T08:57:25+0000

Answer:

principal=1500

rate=9%=0.09

time=2

I=1500 times 0.09 times 2

I=1500 times 0.18

I=270

interest=270

total is 1500+270=1770 total paid

Explanation: