Find the simple interest on $900 for 18 months at a rate of 9.5% per year

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asked Aug 2, 2017 204k views

1 Answer

Preets · Answer 1 · 2017-08-09T03:57:47+0000

To get the simple interest, we must use the formula: I= (p)(r )( t)
So, in this one we need to multiply $900x18x9.% and the answer will be $128.25. This is the amount of interest they are going to pay per year.

Find the simple interest on $900 for 18 months at a rate of 9.5% per year

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