Blake1053
Blake1053
01-02-2017
Business
contestada
$1500 at 12% interest for two years
Respuesta :
mun52022
mun52022
01-02-2017
1500*.12*2= $360 in interest
Total 1860 by the end of 2 years
Answer Link
mckennasage
mckennasage
01-02-2017
First, convert 12% into a decimal. 12/100 = 0.12
1500*0.12 = 180. 1500+180 = 1680.
so it's 1,680 the first year.
1,680*0.12 = 201.60
1,680 + 201.60 = 1881.6
so 1,881.60 the second year!
So answer is, $ 1,881.60
Answer Link
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