ISAIAHmb ISAIAHmb

15-02-2017
Mathematics

Answered

$1800 at 6.5% for 30 months

AFind the interest earned
BFind the balance of the account.

Verified Answer :

Anonymous Anonymous

23-02-2017

I = prt

Interest = ?
Principal = $1800
Rate = 6.5%, 0.065
Time = 30/12 = 2.5 yrs.

I = 1800(0.065)(2.5)

I = 292.50 is the interest earned.

1800 + 292.50
= 2092.50 is the balance

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