How much interest would you earn on a $1750 investment at 18.8%/a simpleinterest for 18 months?a) $592.20b) $5922.00c) $493.50d) $2243.50

Simple interest formula for an amount $P for t years at an interest rate of r% is given by;…

Answered: How much interest would you earn on a…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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How much interest would you earn on a $1750 investment at 18.8%/a simple interest for 18 months? a) $592.20 b) $5922.00 c) $493.50 d) $2243.50