The information shown here only shows a principal sum, a rate of interest and a period or time. There is no question as to what is needed. But suppose the need is for simple interest, then we calculate using the given information and the formula:
I = PRT
where I is simple interest, P is the principal, R is the rate per year, and T is time
P = 290, T is 6 months which is 0.5 years, R = 12.5 % which is written as 0.125 in decimal fraction.
I = 290 × 0.125 x 0.5 → I = 18.125
Therefore after 6 months , the interest earned will be 18. 125 dollars
We would start with 400 - 48, to cover the initial cost. We would be left with 352 dollars to spare for the monthly bill. 352 divided by 44, which is the monthly cost, would be 8. The website could be set up and held for 8 or 9 months, depending on if the initial cost is paid at the same time or before the first monthly one.
