Respuesta :

well, there are 12 months in a year, so 18 months will then be 18/12 of a year

[tex]\bf ~~~~~~ \textit{Simple Interest Earned}\\\\ I = Prt\qquad \begin{cases} I=\textit{interest earned}\to &\$54\\ P=\textit{original amount deposited}\to& \$900\\ r=rate\to r\%\to \frac{r}{100}\\ t=years\to \frac{18}{12}\to &\frac{3}{2} \end{cases} \\\\\\ 54=(900)(r)\left( \frac{3}{2} \right)\implies \cfrac{54}{(900)\left( \frac{3}{2} \right)}=r\implies \cfrac{1}{25}=r\implies 0.04=r \\\\\\ r\%=0.04\cdot 100\implies r=\stackrel{\%}{4}[/tex]

Answer:

4%

Step-by-step explanation:

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