Question

Find the simple interest for each principle,rate,and time.Round to the hundredths place

Answer 1

$\sf~I=prt$

Plug in what we know:

$\sf~I=(500)(6 1/4\%)(5)$

Multiply:

$\sf~I=156.25$

Do it with the next one:

$\sf~I=prt$

Plug in what we know:

$\sf~I=(769)(5\%)(13)$

Multiply:

$\sf~I=499.85$