Search 7,000+ topics

Practice problem

Simple Interest - Formula & Definition

By Lauren Jordan
+1 contributors
Contributors

What is the interest on a loan of $2,000\$2,000 after 18 months and an interest rate of 5%?

Choose one answer

Type a concept, like “slope” or “photosynthesis”.

↑ ↓ to choose · Enter to openSearch explanations and problems