JerChris JerChris

09-03-2017
Mathematics

Answered

I=$26.25I=$26.25, P=$500P=$500, t=18 t=18 months

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09-03-2017

what is the acutal question

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09-03-2017

I'm assuming it is simple interest.
I = prt
26.25 = 500 r * 1.5
26.25 = 750r
divide both sides by 750
.035 = r
rate = 3.5%

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