Question

Use the simple interest formula to find the ending balance.

$1500 at 7% for 1.5 years.

Enter your answer in the below
$

Answer 1

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!

Answer 2

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