Question

£18000 borrowed for 19 months at a
rate of 13.5% p.a.
interest = £ ?​

Answer 1

£3847.5

Explanation:

Simple Interest = (PxRxT)/100

Simple Interest = (18000 x 13.5 x 19/12)/100

SI = 180 x 13.5 x 19/12

SI = (180 x 13.5 x 19)/12

SI = (15 x 13.5 x 19)

SI = £3847.5

Answer 2

Answer:3847.5

Explanation:

Si= prt/100= 18000*13.5*19/12/100=3847.5