Question

In simple interest what is $1,500 at 1.2% for 9 months

Answer 1

Steps:
$i=prt$
interest = principal (original amount of money) × rate (interest rate-usually in percent) × time (usually in months)

$i = 1500 \times 1.2\% \times 9$
$1.2\% = 0.012$
$i = 1500 \times 0.012 \times 9$
$i = 18 \times 9$
$i = 162$
The simple interest for 9 months is $162.