Question

Will fan and medal! Use the simple interest formula to find the ending balance.

$1025 at 6.5% for 5 years.

Round your answer to the nearest cent.

Answer 1

@callielovesyhuu @phi

Answer 2

I assume you know the simple interest formula? (I hope so)
it is
I = P*r*t

$1025 at 6.5% for 5 years.

here P is 1025, r is 6.5% (but change it to a decimal)
t (time) is 5
can you figure out the interest I ?