Finding interest on $2180 at 15% for 22 months

[charlesjoy]

Can you verify if I did this correctly?

$2180 at 15% for 22 months

I=2180(.15)(22/12) = 2180 x .15 x 1.83 = 598.41

 

[Deleted member 4993]

Re: Finding interest

Can you verify if I did this correctly?

$2180 at 15% for 22 months <<< Simple interest or compound interest?

I=2180(.15)(22/12) = 2180 x .15 x 1.83 = 598.41

 

[charlesjoy]

Re: Finding interest

Simple