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18 May, 18:29

834 3% 15 months simple interest

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  1. 18 May, 19:04
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    If it is 3% for a year then

    834 x 3/100 = 25.02 which is for 12 months.

    The next three months is (25.02/12) x3 = 6.25 for 3 months

    So for 15 months 25.02+6.25 = 31.45

    But if it is 3% monthly then

    25.02 x 15 = 375.30
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