Question

how do I work this problem simple intrest

I=Prt
P= $54 r=4% and t=9months

Answer 1

I = 54 * 0.04 * 0.75

Answer 2

I did this and got 1.62 am I suppose to just end there or divide by another

Answer 3

That's the problem. That's the end of it. You've multiplied P*r*t, what else is left to do?

Answer 4

The interest is $1.62.

Answer 5

I don't mean to be difficult that's what I had also the computer kept saying I was wrong. Sorry for asking

Answer 6

I understand the formula given is to calculate interest, but does the question ask to calculate interest or amount owing?