Answer:
62
Step-by-step explanation:
3 x 5 = 15
3 x 2 = 6
2 x 5 = 10
15 x 2 = 30
6 x 2 = 12
10 x 2 = 20
30 + 12 + 20 = 62
We would apply the formula for determining simple interest which is expressed as
I = PRT/100
I is the interest
P is the principal or initial amount
R = interest rate
T = time in years
From the information given,
P = 1200
r = 18
Since there are 12 months in a year,
T = 9/12 = 0.75
Thus,
I = (1200 x 18 x 0.75)/100
Interest = $162
Answer:
Interest!
Step-by-step explanation:
The term that is used for a fee that is paid for with the use of another person's money is called interest. Interest is based on some percentage on which the lender lends you money.
(I researched it earlier)
Huh?????????????????.....
Somehow i got 2.5 guess i am wrong...
