Question

Find the total amount due on the loan using simple interest

Principal:3500
Rate:6%
Time:18 months

Answer 1

[AI-generated answer — Bot]

Total amount due = 3500 + (3500 * 0.06 * 18) = 4590

Answer 2

It said 18 months, not years, so

amount = 3500 + (3500*.06* 18/12) = 3815