Question

What is the total amount due for a loan of $824 at an interest rate of 7.5% for 9mths. I need the formula using I=P R T. can someone help me please.

Answer 1

given p= 824, r= 7.5% t = 9/12
I= 824 x 7.5/100 x 9/12
I= 46.35

Answer 2

Is it simple interest or compound interest??

Answer 3

i believe simple

Answer 4

Ok, then reckkimini's ans is correct, u can use it

Answer 5

well think you for double checking I really do appreciate it.

Answer 6

welcome, all credit to reckkimini...