holleymatt03 holleymatt03

19-05-2020
Mathematics

contestada

If the interest charge is 1.5 percent per month on an overdraft, how much interest is due one month after an overdraft of $50?

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musiclover10045 musiclover10045

19-05-2020

Rewrite the percentage as a decimal:

1.5% = 0.015

Multiply by the amount of the overdraft:

50 x 0.015 = 0.75

The interest is $0.75

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