Step 1
Given;
Step 2
State the formula
[tex]Interest=\frac{Principal\times Rate\times Time}{100}[/tex][tex]444=\frac{18690\times Rate\times\frac{15}{12}}{100}[/tex][tex]\begin{gathered} 44400=1.25\times18690\times Rate \\ Rate=\frac{1184}{623} \\ \\ \end{gathered}[/tex][tex]Rate\approx1.9\text{\operatorname{\%}}[/tex]
Answer;
[tex]Rate=1.9\text{\%}[/tex]
