Register
What is the simple interest of a savings deposit for 1500 for 18 months at an interest rate of 6%
8.3k views
5 votes
What is the simple interest of a savings deposit for 1500 for 18 months at an interest rate of 6%

User Jesenko
by
6.4k points

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
7.5k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

8.1m questions

10.7m answers

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
Link Copied!