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A deposit of $1,295 at 7% for 180 days what is the interest earned

A deposit of $1,295 at 7% for 180 days what is the interest earned
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1 vote
A deposit of $1,295 at 7% for 180 days what is the interest earned

User Joseph Yourine
by
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1 Answer

6 votes
The formula is
I=prt
I interest earned?
P principle 1295
R interest rate 0.07
T time 180/365
I=1,295×0.07×(180÷365)
I=44.70
User Dmidz
by
8.6k points
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