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amy opened a savings account with $1,750 she recieved for graduation. The account pays 4.3% simple interest. What is the balance after 6 months?

Respuesta :

Amount in the account = $1750

Rate of interest yearly = 4.3%

Hence interest incurred after half year will be =

[tex]I=\frac{p*r*t}{100}[/tex]

I =[tex]\frac{1750*4.3*6}{100*12}[/tex]

I = 37.625

Hence, balance after 6 months will be = [tex]1750+37.625=1787.625[/tex]

= $1787.625

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