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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?

Margo borrows $1500, agreeing to pay it back with 3% annual interest after 18 months. How much interest will she pay?
asked 49.4k views
3 votes
Margo borrows $1500, agreeing to pay it back with 3% annual interest after 18 months. How much interest will she pay?

asked
User Carletta
by
8.3k points

1 Answer

1 vote

Answer:

67.5

Explanation:

I'm assuming this is simple interest.

1500x0.03x1.5=67.5

answered
User Sarim
by
6.9k points
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