Respuesta :
the given formula to use id i = prt
where p = $2000
r = 6% = 6 / 100 = 0.06
and time t = 18 months
the formula is for interest over t years, so we have to convert time t in years
1 year is equal to 12 months, so 18 months is equal to 1.6 years
i = prt
i = $2000 x 0.06 x 1.6
i = $192
$192 is the simple interest over 18 months
where p = $2000
r = 6% = 6 / 100 = 0.06
and time t = 18 months
the formula is for interest over t years, so we have to convert time t in years
1 year is equal to 12 months, so 18 months is equal to 1.6 years
i = prt
i = $2000 x 0.06 x 1.6
i = $192
$192 is the simple interest over 18 months
Answer:
The value simple interest over 1.5 years is $180.
Step-by-step explanation:
Given the formula of simple interest:
i = p × r × t
p = Principle amount
r = Rate
t = Time period (years)
Given :
p = $2000, r = 6% = 0.06
t = 18 months =[tex]\frac{18}{12} years=1.5 years[/tex]
( 1 year = 12 months)
[tex]i=\$2,000\times 0.06\times 1.5 =\$180[/tex]
The value simple interest over 1.5 years is $180.
