Question
Calculate the simple interest on 450 borrowed for 18 months at 18 percentage per annum
Answers
GPT 3.5
Simple Interest = Principal x Rate x Time
Principal = 450
Rate = 18% per annum = 0.18
Time = 18 months = 1.5 years
Simple Interest = 450 x 0.18 x 1.5 = 121.50
Therefore, the simple interest on 450 borrowed for 18 months at 18% per annum is $121.50.
Principal = 450
Rate = 18% per annum = 0.18
Time = 18 months = 1.5 years
Simple Interest = 450 x 0.18 x 1.5 = 121.50
Therefore, the simple interest on 450 borrowed for 18 months at 18% per annum is $121.50.