Final answer:
The simple interest earned on $1800 at a rate of 2.65% for 15 months would be approximately $59.63.Therefore, the simple interest earned on $1800 at a rate of 2.65% for 15 months would be approximately $59.63.
Step-by-step explanation:
To calculate the simple interest, we can use the formula: Simple Interest = Principal × Rate × Time.
In this case, the Principal is $1800, the Rate is 2.65%, and the Time is 15 months.
We need to convert the time to years by dividing it by 12, so 15/12 = 1.25 years.
Plugging these values into the formula, we get:
$1800 Simple Interest =× 0.0265 × 1.25 = $59.625.
Therefore, the simple interest earned on $1800 at a rate of 2.65% for 15 months would be approximately $59.63.