How many simple interest accrues on a $5,000 loan at 8% for 18 months?
1 answer:
Answer:
$600
Step-by-step explanation:
A = P(1 + rt)
P is the Principal amount of money to be invested at an Interest Rate R% per period for t Number of Time Periods.
A= 5,000(1+ 0.08x1.5) = $5600
You might be interested in
It’s sum is 456 and it’s opposite is 654
Answer:
$11.25
Step-by-step explanation:
55.50 divided by 6 = 9.25
9.25 + 2 = 11.25
Answer:
Step-by-step explanation:
6 / (3/400) = ?
6 / 0.0075 = 800
Answer:
X = 8
Step-by-step explanation:
Pythagorean triplate
8,8,8√2
