Find the simple interest kara owes on a 1.5-year loan of $1,500 at an annual interest rate of 7.5%. Posted on October 22, 2021 By Amoakoh800003 3 Comments on Find the simple interest kara owes on a 1.5-year loan of $1,500 at an annual interest rate of 7.53. Find the simple interest kara owes on a 1.5-year loan of $1,500 at an annual interest rate of 7.5%. Mathematics
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 = 165so this mean that $165 is the simple interest what Kara owes on in a 1,5 year Reply
I = PRT/100P = Principal, R = Rate, T = TimeI = 1500 * 7.5 * 1.5 /100I = 168.75Interest owed = $168.75Reply
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