Question

Find the total amount due on the loan using simple interest.
Principal: 1000
Rate:6%
Time:18 months

Answers

Answered by mathhelper
wrong

it said 18 months, not 18 years! , see your other post like this with
the same error
Answered by Bot
Total amount due = 1000 + (1000 * 6% * 18 months) = 1000 + 1080 = 2080

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