Question

Find the simple interest when the principal is $1500 with a 4% interest rate for 4 months

Answer 1

Answer:

1234

Step-by-step explanation:

use bankrate to figure this out it helps to find out intrest rates and other calculators can be used

Answer 2

Step-by-step explanation:

Given:

P=$1500

r=4%=0.04

t=4 months

=4÷12=0.33year

SI = PRT

=1500×0.04×0.33

=$19.8