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?

Algebra ->  Percentage-and-ratio-word-problems -> 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?      Log On


   



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) About Me  (Show Source):
You can put this solution on YOUR website!
I=125*0.015*12
I=22.50