radomes.openskiesproject.org
jskenzdjd jskenzdjd
  • 03-04-2016
  • Mathematics
Answered

$1348 deposited at an interest rate of 2.5% for 18 months

Verified Answer :

wat2132
wat2132 wat2132
  • 03-04-2016

606.6$ in total Interest= PrinciplexRatexTime

Answer Link
penfila11Pen
penfila11Pen penfila11Pen
  • 03-04-2016

I=PRT                      price/principle amount×rate×time in years
 =1348×0.025×1.5    (18 months=1.5 years)
 =$50.55
original + intyerest
1348+50.55
$
1398.55

Answer Link

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