SOLUTION: Find the savings plan balance after 18 months with 5% interest for 18 months

SOLUTION: Find the savings plan balance after 18 months with 5% interest for 18 months

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Question 1001157: Find the savings plan balance after 18 months with 5% interest for 18 months
Answer by fractalier(6550) (Show Source): You can put this solution on YOUR website!
How much is the principal?
Interest I = prt where t is in years.
I = p(.05)(1.5)
If you need to find the principal, you have to give how much interest was earned.
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