3 years ago

How many simple interest accrues on a $5,000 loan at 8% for 18 months?

Mathematics

1 answer:

katen-ka-za [31]3 years ago

5 0

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

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