If you invest $1,600 at 5.35% for 18 months how much simple interest is earned

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Malek Boubakri asked Aug 28, 2022

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If you invest $1,600 at 5.35% for 18 months how much simple interest is earned

Mathematics
college

Malek Boubakri asked Aug 28, 2022

by Malek Boubakri

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17 votes

Answer:

Explanation:

Jian Zhang answered Aug 30, 2022

by Jian Zhang

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13 votes

Answer:

1540.8

Explanation:

i=prt

i= 1600(.0535)(18)

i=1540.8

also i is equal to interest, p is equal to principal, r is equal to rate and t is equal to time.

Roman Nazarkin answered Sep 2, 2022

by Roman Nazarkin

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