Question

Find the interest on $920 at 6% annual interest for one year and three
months.

Answer 1

Below

Explanation:

One year and three months is 1 1/4 year

interest = p r t

p = 920 principal r = decimal interest = .06 t = 1 1/4

= 920 * .06 * 1 1/4 = $ 69.00 interest