document.write( "Question 1181817: Margo borrows P2000, agreeing to pay it back with 2% annual interest after 15 months. How much interest will she pay?
\n" ); document.write( "
\n" ); document.write( "

Algebra.Com's Answer #811728 by ikleyn(52834)\"\" \"About 
You can put this solution on YOUR website!
.
\n" ); document.write( "
\r\n" );
document.write( "\r\n" );
document.write( "15 months = 12 months + 3 months = 1 year and 3 months = 1 \"1%2F4\"  years = 1.25 years.\r\n" );
document.write( "\r\n" );
document.write( "\r\n" );
document.write( "Therefore, the interest after 15 months is = 2000 * 0.02 * 1.25 = 20 * 2 * 1.25 = 20* 2.50 = 50 monetary units.    ANSWER\r\n" );
document.write( "
\r
\n" ); document.write( "\n" ); document.write( "Solved.\r
\n" ); document.write( "
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "
\n" ); document.write( "
\n" );