Aliena invested $2500 in a credit union for 18 months earning 6% p.a. simple interest. How much interest should she have accrued?
6% = 6/100 = 0.06
2500 x 0.06 = 150 interest per p.a (12 months)
150/12 = 12.5 interest per month.
18 months so interest accrued = 18 months x 12.5 interest per month
= $225
I=Prt
P=2500
r=0.06
t=1.5
You can finish it :)