SOLUTION: A vendor borrowed 18000 from their cooperative. If the rate of interest was 12.5 percent a year, how much interest did he pay at the end of two years and 6 month?

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Question 896006: A vendor borrowed 18000 from their cooperative. If the rate of interest was 12.5 percent a year, how much interest did he pay at the end of two years and 6 month?





Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
I=Prt
I=18000*0.125*2.5
I=$5,625.00