Question

If you invest $1,600 at 5.35% for 18 months how much simple interest is earned​

Answer 1

Explanation:

Answer 2

1540.8

Explanation:

i=prt

i= 1600(.0535)(18)

i=1540.8

also i is equal to interest, p is equal to principal, r is equal to rate and t is equal to time.