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Find the balance of the account using the simple interest formula of I=Prt

$1400 at 1.25% simple interest for 6 months
Balance =

10 points please answer!!

Respuesta :

Answer:

$8.75

Step-by-step explanation:

Simple interest can be determined using this formula :

principal x time x interest rate

principal = $1400  

time = 6 months = 6/12 = 0.5

interest rate = 1.25%

$1400 x 0.5 x 0.0125 = $8.75

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