Question

Use the simple interest formula to find the ending balance.

$1500 at 7% for 1.5 years.

Enter your answer in the box.

$ |______|

Answer 1

1,657.50

Step-by-step explanation: 7 / 100 = 0.07

0.07 * 1500 = 105 + 1500 = 1,657.50

Answer 2

1,657.50 is the correct answer. I hope this helps.