Question

Find simple interest to the nearest cent for each principle, rate, and time. I= Prt. $1200, 3.9%, 2 years 6 months.

Answer 1

117.00

Explanation:

I = prt where i is the interest , p is the principal r is the rate and t is the time in years

2 years 6 months is 2.5 years

I = 1200 * .039* 2.5

I =117