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A cellphone rental business borrows $1,500 to expand the business to a neighboring town. The owner has to make equal monthly payments for one year of $150 each. What is the tota…

A cellphone rental business borrows $1,500 to expand the business to a neighboring town. The owner has to make equal monthly payments for one year of $150 each. What is the tota…
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A cellphone rental business borrows $1,500 to expand the business to a neighboring town. The owner has to make equal monthly payments for one year of $150 each. What is the total loan repayment amount?

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User Irblue
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1 Answer

6 votes
so he has to pay $150 a month for 1 year.
so $150×12months = $1800
answered
User Robfuscator
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8.3k points
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