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Find the amount of interest to be paid. Principal: $780 Annual Rate of Interest: 12 1/2% Time: 6 months Use the formula: i = prt (principal, rate, time)

Find the amount of interest to be paid. Principal: $780 Annual Rate of Interest: 12 1/2% Time: 6 months Use the formula: i = prt (principal, rate, time)
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3 votes
Find the amount of interest to be paid.

Principal: $780
Annual Rate of Interest: 12 1/2%
Time: 6 months

Use the formula: i = prt (principal, rate, time)

asked
User Markuz
by
8.7k points

1 Answer

5 votes

Answer:

P = 780

R = 12 1/2%

T = 6

780 x 12 1/2% x 6 = $2808.005

answered
User XYz Amos
by
8.0k points
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