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3 years ago

8

Keisa borrowed $400 at a simple interest rate of 3% per year. How much interest will she owe in 18 months?

2 answers:

sineoko [7]3 years ago

6 0

Answer:

simple interest calculator, simple interest formula, what is simple interest, ... financing will cost you or how much you can earn on an investment. ... Annual Interest Rate ... you must repay not only the amount you borrowed – the principal ... Calculate simple interest (I) by multiplying the principal (p) by the rate

Step-by-step explanation:

julsineya [31]3 years ago

6 0

Answer:

$18

Step-by-step explanation:

convert 18 months to year(s) and use the simple interest formula

interest=principal<em>x</em>rate<em>x</em>time

<u> </u><u> </u><u> </u><u> </u><u> </u><u> </u><u> </u><u> </u><u> </u><u> </u><u> </u><u> </u><u> </u><u> </u><u> </u><u> </u><u> </u><u> </u><u> </u><u> </u><u> </u><u> </u><u> </u><u>1</u><u>0</u><u>0</u>

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