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17 December, 06:48

I=$26.25I=$26.25, P=$500P=$500, t=18 t=18 months

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Answers (2)
  1. 17 December, 08:59
    0
    What is the acutal question
  2. 17 December, 09:30
    0
    I'm assuming it is simple interest.

    I = prt

    26.25 = 500 r * 1.5

    26.25 = 750r

    divide both sides by 750

    .035 = r

    rate = 3.5%
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