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15 April, 19:12

I=$26.25I=$26.25, P=$500P=$500, t=18 t=18 months

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  1. 15 April, 19:19
    0
    What is the acutal question
  2. 15 April, 19:39
    0
    I'm assuming it is simple interest.

    I = prt

    26.25 = 500 r * 1.5

    26.25 = 750r

    divide both sides by 750

    .035 = r

    rate = 3.5%
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