Find the interest and the amount repaid. Principal 500.00 Rate 12% Time 18 months what is the amount

Abbottmw asked Oct 16, 2023

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17 votes

Find the interest and the amount repaid.

Principal 500.00
Rate 12%
Time 18 months
what is the amount

Abbottmw asked Oct 16, 2023

2.7k points

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6 votes

Answer:

3844.98

Explanation:

Use this formula: P(1+b)^x

500(1.12)^18 (put in calculator).

Hope this helps!

If not I am sorry.

Najaf Ali answered Oct 22, 2023

3.3k points

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