Search 72,400 tutors FIND TUTORS
Search for tutors
Ask a question
0 0


Tutors, please sign in to answer this question.

1 Answer

Simple interest uses the formula: I=Prt

Where I=interest, P=principle, r=rate, and t=time

So we're looking for I, P=1000, r=.082 and t=1.5

therefore, I=(1000)(.082)(1.5)

Multiply to find your answer