Question

Jan invested $210 with a building society in a fixed deposit account that paid 8% p.a. simple interest for 18 months. How much did she receive after the 18 months?

A) 434 B) 345 C) 235.20 D) 233.20

Answer 1

Answer:

option (c) is correct 235.20

Step-by-step explanation:

I = (p x r x t)/100

I = $25.20

A = P+I

A = 235.20