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