3 years ago

Can someone please give me the formula to solve this kind of problem?

1 answer:

7 0

The amount of simple interest is $48.

The formula is I = PRT

So we enter:

I = 1600 x (0.06) x (0.5)
I = 48

I used 0.5 for the time, T, because 180 days is half a year.

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