Question

PLEASE HELP ME!
Interest for a principal of $2000 at 3% for 18 months
I= p r t
I= 2000 x .03 x .6 = $36 IS THIS RIGHT?!

Answer 1

I got 90...

Answer 2

@yaytay im having trouble turning the 18 months into a decimal

Answer 3

You do 2000 x .03 x 18/12.
Since there are 12 months in a year you put 18 over 12. If it was one year, then it would be 12/12 which is 1. So if you do that, you get 90

Answer 4

If you want to double check your answer when doing simple equations. Just google interest calculator, and then you can input your information to find the answer.

Answer 5

Thank you so much but how do i multiply a fraction with those?! @yaytay (i really appreciate your help!)

Answer 6

You're welcome! Just type in your calculator 2000x.03x18/12. You can use the division sign as the fraction.

Answer 7

OKAY! THANK YOU SO MUCH! @yaytay

Answer 8

Yup! :)