Question

Compute the amount of interest earned in the following simple interest problem. A deposit of $1,295 at 7% for 180 days = _____. (Note: Use 365 days in a year)

Answer 1

Compute the amount of interest earned in the following simple interest problem. A deposit of A $1,295

Answer 2

i=prt= 1,295×0.07×180/365 =44.70