Homework Help: math

Posted by Anonymous on Sunday, January 16, 2011 at 11:10pm.

you borrow 5,000 at APR 4% percent find the interest i after 18 months?

math - bobpursley, Sunday, January 16, 2011 at 11:43pm
interest=5000(.04)^(18/12)
math - helper, Sunday, January 16, 2011 at 11:47pm
simple interest

I = PRT
I = 5000 * .04 * 1.5
I = 300

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