Find the simple interest kara owes on a 1.5-year loan of $1,500 at an annual interest rate of 7.5%.

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Find the simple interest kara owes on a 1.5-year loan of $1,500 at an annual interest rate of 7.5%.

I=prt

I=1500*1.5*0.075

I=168.75

Annual interest 7,5%

halfyear interest x%

x = 0,5 *7,5/1 = 3,75%

7,5% +3,5% = 11%

$1500 100%

x 11%

X = 11*1500/100 = 165

so this mean that $165 is the simple interest what Kara owes on in a 1,5 year

I = PRT/100

P = Principal, R = Rate, T = Time

I = 1500 * 7.5 * 1.5 /100

I = 168.75

Interest owed = $168.75