keaster27 keaster27

16-11-2021
Mathematics

contestada

Liliya’s parents borrow $1,400 from the bank for a new washer and dryer. The interest rate is 7.5% per year. How much simple interest will they pay if they take 18 months to repay the loan? Round to the nearest cent.

Respuesta :

sethmiah87 sethmiah87

17-11-2021

Answer:

$1575

Step-by-step explanation:

I=Prt I being interest paid, P is Principal, r is rate, t is term

I =1400x. 075 x 1.5

I =1575

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