Margo borrows S1500, agreeing to pay it back with 8% annual interest after 13 months. How much intere: will she pay? Round your answer to the nearest cent, if necessary. %24

Elementary Algebra
17th Edition
ISBN:9780998625713
Author:Lynn Marecek, MaryAnne Anthony-Smith
Publisher:Lynn Marecek, MaryAnne Anthony-Smith
Chapter3: Math Models
Section: Chapter Questions
Problem 430PT: Melinda deposited $5,985 in a bank account with an interest rate of 1.9%. How much interest was...
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Margo borrows $1500, agreeing to pay it back with 8% annual interest after 13 months. How much interest
will she pay?
Round your answer to the nearest cent, if necessary.
%24
Transcribed Image Text:Margo borrows $1500, agreeing to pay it back with 8% annual interest after 13 months. How much interest will she pay? Round your answer to the nearest cent, if necessary. %24
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