To calculate the interest for 12 months, we can use the Simple Interest Formula:

$\text{Simple Interest (SI)} = \frac{P \times R \times T}{100}$

Where:

• $P$ = Principal = 19000
• $R$ = Rate of Interest = 7.5%
• $T$ = Time = 12 months = 1 year (as time is usually taken in years)

Now, plugging the values into the formula:

$\text{SI} = \frac{19000 \times 7.5 \times 1}{100}$

Let me calculate that for you.The interest for 12 months (1 year) is $1,425.

Do you need further details or have any questions?

Here are 5 related questions:

1. How does compound interest differ from simple interest?
2. What would the interest be for a shorter time period, like 6 months?
3. How does increasing the principal affect the total interest?
4. How would the interest change if the rate were reduced to 5%?
5. What formula is used to calculate compound interest?

Tip: When calculating simple interest, always make sure the time is in years for consistency.