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Artyom0805 [142]
3 years ago
8

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

Mathematics
1 answer:
Sever21 [200]3 years ago
5 0

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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