Question

How do you solve for total intrest when you finance $600 for 24 months at 18%

Answer 1

I = PRT (Principal, Rate, Time)
I = ?
P = 600
R = .18
T (years) = 2
600 x .18 x 2 is 216
the intrest is 216

Answer 2

Multiple 18% by 600 and then multiply the number you get from that by 24 and add that number onto 600 and that’s your answer