SOLUTION: If Margo borrows $1000, and agrees to pay back 7% annual interest in 18 months, How much interest will she pay back

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Question 1072596: If Margo borrows $1000, and agrees to pay back 7% annual interest in 18 months, How much interest will she pay back
Answer by jorel1380(3719) About Me  (Show Source):
You can put this solution on YOUR website!
18 months x 7%/12 months=1.5 x 7%
1.5 x 7%=1.5 x .07=.105
$1000 x .105=$105.00 interest over 18 months. ☺☺☺☺