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Find the amount due if $700 is borrowed for 14 months at 18% simple interest.

Find the amount due if $700 is borrowed for 14 months at 18% simple interest.
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2 votes
Find the amount due if $700 is borrowed for 14 months at 18% simple interest.

asked
User Chris Dellin
by
7.7k points

1 Answer

3 votes

Answer:

I = $ 1,937.50

Explanation:

i=prt

18/100=0.18

I=700(0.18)(14)

1,937.50

answered
User Payam Zahedi
by
8.2k points
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