104k views
1 vote
Simple interst for $750 at 6.5 interest for 3 years

User BigTobster
by
7.8k points

2 Answers

0 votes
To find the simple interest, we multiply 750 × 0.065 × 3 to get that: $146.25
User Fiddlest
by
8.4k points
4 votes
Considering that you mean 6.5% interest yearly, the interest gained would be:
$146.25

and the total amount would be $896.25

Hope this helped!
User Lxgreen
by
7.6k points