Find the simple interest on $900 for 18 months at a rate of 9.5% per year

Question

Mathematics

Kimberly May

22 June, 01:10

Find the simple interest on $900 for 18 months at a rate of 9.5% per year

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Answers (1)

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Josh Meza · Answer 1

To get the simple interest, we must use the formula: I = (p) (r) (t)

So, in this one we need to multiply $900x18x9.% and the answer will be $128.25. This is the amount of interest they are going to pay per year.