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Anni [7]
3 years ago
7

$500, 12%,18 months HELP!!!!!!!!!!

Mathematics
1 answer:
Norma-Jean [14]3 years ago
7 0
If I assume that you merely want the simple interest, then:

i = <span>$500 (0.12) (3/2) = 90 dollars simple interest was earned.


If you want the accrued amount, with compounding twice yearly, then

A = $500 (1+0.12/2)^3 = $595.51.  In this case the interest earned is $95.51.</span>
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