Principal = $5,400, rate = 18%, time = 2 years. What is the simple interest?

asked Dec 23, 2021 229k views

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Answer:

$1,944.00

Explanation:

Interest= Principal x Rate x Time (years)

Rate: 18%= 0.18

Interest= 5,400 x 0.18 x 2= $1,944

Luke Pistrol answered Dec 27, 2021

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