3 years ago

Help with simple interest rate P=$18,000, r= 7.5%, t=18 months

1 answer:

n200080 [17]3 years ago

7 0

=2025
change 18months to years=1.5 years then you use the formula
PRT÷100
$18000 \times 7.5 \times 1.5 = 202500 \div 100 = 2025$

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