Posted by brittney on Tuesday, March 8, 2011 at 11:55pm.
joe borrows $4,000, the loan is for 18 months at 5% interest, whats the total amount due on the loan?

math  MathMate, Wednesday, March 9, 2011 at 7:55am
The simple interest rule is:
Amount due
=Principal * (1+rate*period)
=4000 * (1+0.05*1.5)
=4300