Answered

Discover how IDNLearn.com can help you learn and grow with its extensive Q&A platform. Discover in-depth and reliable answers to all your questions from our knowledgeable community members who are always ready to assist.

$750 at 6% for 18 months

Sagot :

Kaidenshackelfordidn

Answer:

The interest is $1242.734 and the amount is $13242.734.

Step-by-step explanation:

STEP 1: Convert interest rate of 1.5% per month into rate per year.

STEP 2: Convert 210 days into years.

STEP 3: Find an interest by using the formula , where I is interest, P is total principal, i is rate of interest per year, and t is total time in years.

In this example P = $12000, i = 18% and t = 0.57534 years, so

STEP 4: Find an amount by using the formula .

Since P = $12000 and I = $1242.734 we have

We appreciate your presence here. Keep sharing knowledge and helping others find the answers they need. This community is the perfect place to learn together. Thank you for choosing IDNLearn.com for your queries. We’re committed to providing accurate answers, so visit us again soon.