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Find the simple interest for each principle,rate,and time.Round to the hundredths place
44.) $500 invested at 6 1/4 for 5 years
45.) $769 borrowed at 5% for 13 months



Answer :

iGreen
[tex]\sf~I=prt[/tex]

Plug in what we know:

[tex]\sf~I=(500)(6 1/4\%)(5)[/tex]

Multiply:

[tex]\sf~I=156.25[/tex]

Do it with the next one:

[tex]\sf~I=prt[/tex]

Plug in what we know:

[tex]\sf~I=(769)(5\%)(13)[/tex]

Multiply:

[tex]\sf~I=499.85[/tex]

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