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Eugene borrows $250 at a 4% annual interest rate. If he does not make any payments, how much simple interest will he owe in 18 months?

Eugene borrows $250 at a 4% annual interest rate. If he does not make any payments, how much simple interest will he owe in 18 months?
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1 vote
Eugene borrows $250 at a 4% annual interest rate. If he does not make any payments, how much simple interest will he owe in 18 months?

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User Kindofgreat
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7.7k points

1 Answer

2 votes
Answer: He will owe 258.47
answered
User Muhihsan
by
8.4k points
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