Question

$1348 deposited at an interest rate of 2.5% for 18 months

Answer 1

606.6$ in total Interest= PrinciplexRatexTime

Answer 2

I=PRT price/principle amount×rate×time in years
=1348×0.025×1.5 (18 months=1.5 years)
=$50.55
original + intyerest
1348+50.55
$1398.55