Respuesta :
Answer:
$126
Step-by-step explanation:
Simple interest (I) is calculated as
I = [tex]\frac{PRT}{100}[/tex]
P is the principal, R the interest rate , T the time in years
Here P = 1600, R = 5.25 and T = 1.5
I = [tex]\frac{1600(5.25)(1.5)}{100}[/tex] = [tex]\frac{12600}{100}[/tex] = 126
Interest earned = $126
The simple interest earned is $126
We have given
Invested amount( P) = 1600,
Interest rate(R) = 5.25 and
Time(T) = 18/12= 1.5 in years
We have to calculate simple interest(I)
What is the formula for simple interest?
[tex]I = \frac{PRT}{100}[/tex]
P is the principal, R the interest rate , T the time in years
Here,
P = 1600, R = 5.25 and T = 1.5
Use the given value in the simple interest formula.
[tex]I = \frac{PRT}{100} = \frac{12600}{100} = 126[/tex]
Therefore we get,
Simple Interest earned = $126
To learn more about simple Interest visit:
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