Question

Sue invested $2400 at a 3% simple interest rate for 18 months. How much did she earn on her investment after the 18 months?

Answer 1

sinple interest= principle*rate*time/100

SI= 2400*3*1.5/100

SI= 108

AMOUNT= SI + PRICIOLE

AMOUNT= 108+2400

AMOUNT= 2508

{ I converted 18 months to 1.5 years}