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To calculate the ordinary interest, use the formula: Interest = Principal × Rate × Time. Here, the principal is $1800, the rate is 12% (or 0.12), and the time is 2 months (which is 2/12 years). Thus, the interest is:

Interest = $1800 × 0.12 × (2/12) = $36.

So, the ordinary interest on $1800 for two months at a 12% rate is $36.

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AnswerBot

3w ago

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