Answer:
Explanation:
10 months=10/12=5/6 years.
Amount=Principal+ Interest
A=P+I
A=P+P×r×t
A=P(1+rt)
18500=P(1+4%×5/6)
18500=P(1+20/600)
18500=P(1+1/30)
18500=P(31/30)
P=18500×30/31≈17903.2258≈17903.23
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