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Sandy borrows $1250 from the bank. The loan terms is 18 months with 5% annual interest. How much interest will she pay? How much will she pay back in all?

Sandy borrows $1250 from the bank. The loan terms is 18 months with 5% annual interest. How much interest will she pay? How much will she pay back in all?
asked 11.3k views
20 votes
Sandy borrows $1250 from the bank. The loan terms is 18 months with 5% annual interest. How much interest will she pay? How much will she pay back in all?

asked
User Ali Abid
by
7.8k points

1 Answer

2 votes

Answer:

Explanation:

1250x0.05x1.5=93.75

93.75 is the interest

1343.75 is the total ammount.

answered
User Aardrian
by
8.1k points
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