Use the simple interest formula to find the ending balance. $1500 at 7% for 1.5 years. Enter your answer in the below $

asked Jul 5, 2018 41.8k views

5 votes

Use the simple interest formula to find the ending balance.

$1500 at 7% for 1.5 years.

Enter your answer in the below
$

by Dave

7.3k points

Please log in or register to add a comment.

4 votes

I=Prt
I=1500 times 0.07 times 1.5
105 times 1.5
157.50
The simple interest is $157.50.

Hope this helps and I had the same test!

7.6k points

4 votes

I think the interest is $157.50. Hope this helps!

Esmin answered Jul 10, 2018

by Esmin

7.3k points

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.5m questions

12.2m answers