Jessica is trying to figure out how much to pay on all her debts each month. Her student loans have a minimum payment of $300/month, her credit card's minimum is $200/month, and her mortgage's minimum is $500/month. If Jessica wants to pay 50% more than the minimum, how much does she pay in a year?
First find the total minimum payment each month: $300/month + $200/month + $500/month = $
<gadget id="calculator">300+200+500</gadget>
<output>1_000</output>
1000/month.
Then multiply that number by 50% to find how much extra Jessica pays each month: $1000/month * .5 = $
<gadget id="calculator">1000*.5</gadget>
<output>500</output>
500/month.
Add that number to the total minimum payment to find how much Jessica pays per month: $1000/month + $500/month = $
<gadget id="calculator">1000+500</gadget>
<output>1_500</output>
1500/month.
Now multiply that number by the number of months in a year to find Jessica's annual payment: $1500/month * 12 months/year = $
<gadget id="calculator">1500*12</gadget>
<output>18_000</output>
18,000/year.

<result>18_000</result>