1.

Principle 1850 Rate 6 / Time 21months​

Answer»

Answer:

CALCULATE the SIMPLE interest amount of PRINCIPAL amount of $5,000, ANNUAL interest rate of 6% and time of 18 months.

Solution:

principal amount = $5,000

rate = 6%

m = 12 months/year

n = 18 months

simple interest amount = $5,000 × (6% / 12months/year) × 18months

= $5,000 × (0.06 / 12months/year) × 18months

= $450

Step-by-step explanation:

its just an EG



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