Interest is $180.
Work Step by Step
Use the simple interest formula: I=Prt The principal is 1200. The annual rate is 0.025. The time is 6. So, we substitute all the values and solve: I=1200(0.025)6 I=30(6) I=180 So the interest is $180.
You can help us out by revising, improving and updating this answer.Update this answer
After you claim an answer you’ll have 24 hours to send in a draft. An editor will review the submission and either publish your submission or provide feedback.