How much interest would you earn on a $1750 investment at 18.8%/a simple interest for 18 months? a) $592.20 b) $5922.00 c) $493.50 d) $2243.50

Mathematics For Machine Technology
8th Edition
ISBN:9781337798310
Author:Peterson, John.
Publisher:Peterson, John.
Chapter48: Applications Of Formulas To Spur Gears
Section: Chapter Questions
Problem 69A
icon
Related questions
Question
How much interest would you earn on a $1750 investment at 18.8%/a simple
interest for 18 months?
a) $592.20
b) $5922.00
c) $493.50
d) $2243.50
Transcribed Image Text:How much interest would you earn on a $1750 investment at 18.8%/a simple interest for 18 months? a) $592.20 b) $5922.00 c) $493.50 d) $2243.50
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Recommended textbooks for you
Mathematics For Machine Technology
Mathematics For Machine Technology
Advanced Math
ISBN:
9781337798310
Author:
Peterson, John.
Publisher:
Cengage Learning,
Algebra: Structure And Method, Book 1
Algebra: Structure And Method, Book 1
Algebra
ISBN:
9780395977224
Author:
Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:
McDougal Littell
Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage