mystical8521 mystical8521

19-02-2021
Mathematics

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what is the simple interest of a savings deposit for 1500 for 18 months at an interest rate of 6%

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lelinshiwakoti lelinshiwakoti

20-02-2021

Step-by-step explanation:

Principal=1500

Time=18months = 18×12=216

Interest=6%

now

SI=P×T×R÷100

SI=1500×216×6÷100

SI=1944000÷100

SI=19440 is the answer

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