Question

Find the simple interest when the principal is $2150 with a 6.5% interest rate for 5 years

Answer 1

Answer:

$698.75

Step-by-step explanation:

I = P·i·t

= $2150·0.065·5

= $698.75

Answer 2

Answer:

$698.75

Step-by-step explanation:

5[(6.5/100) × 2150]

= 698.75