Algebra 1: Common Core (15th Edition)

Published by Prentice Hall
ISBN 10: 0133281140
ISBN 13: 978-0-13328-114-9

Chapter 2 - Solving Equations - 2-9 Percents - Lesson Check: 5

Answer

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.
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