document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=534340>Question 534340</A>: <I><SPAN STYLE=\"word-break: break-all;\"> how much simple interest will be earned in 18 months form $750 placed in a savings account at 7.5% simple interest? </SPAN>\n" );
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document.write( "The formula for simple interest is I = P * r * t where:<P><BR>\n" );
document.write( "I = interest<br><BR>\n" );
document.write( "r = yearly interest rate.  If not time frame is given for the interest rate, such as \"annual\" or \"daily\" or \"monthly\", then yearly is assumed. <br><BR>\n" );
document.write( "t = t in years.  18 months is 1.5 years.  <P><BR>\n" );
document.write( "In this case the I, interest earned is:<br><BR>\n" );
document.write( "I = 750*(7.5/100)*1.5 = 84.375 rounded to $84.38 </SPAN>\n" );
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