Question

Ashley took out a $1500 loan and promises to pay it back with 5% interest after 18 months. How much interest would she have to pay back?​

Answer 1

75.00

Explanation:

1500*0.05

because 5% is her interest you convert 5% into a decimal = 0.05

then you multiply 1500 by 0.05 and you get 75.00