Posted by **unknown** on Wednesday, October 29, 2008 at 2:10pm.

calculate the simple intrest on a loan of $18,500 at 11% intrest for 18 months

is it 36,630.00

- math -
**drwls**, Wednesday, October 29, 2008 at 3:44pm
No, not even close

That would be about twice the original principal, in only 1.5 years!

Calculate 0.11 x 18,500 x 1.5 for the correct answer.

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