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What is the simple interest of a savings deposit for 1500 for 18 months at an interest rate of 6%
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What is the simple interest of a savings deposit for 1500 for 18 months at an interest rate of 6%

User Jesenko
by
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1 Answer

13 votes

Explanation:

Principal=1500

Time=18months = 18×12=216

Interest=6%

now

SI=P×T×R÷100

SI=1500×216×6÷100

SI=1944000÷100

SI=19440 is the answer

User Haythem Farhat
by
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