SOLUTION: Carolyn borrowed $125. If the interest rate is 1.5% per moth on the unpaid balance and she does not pay this debt for 1 year, how much interest will she owe at the end of the year?

SOLUTION: Carolyn borrowed $125. If the interest rate is 1.5% per moth on the unpaid balance and she does not pay this debt for 1 year, how much interest will she owe at the end of the year?

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Question 372324: Carolyn borrowed $125. If the interest rate is 1.5% per moth on the unpaid balance and she does not pay this debt for 1 year, how much interest will she owe at the end of the year?
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
I=125*0.015*12
I=22.50
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