Answer:
Simple interest = $11.78125
Total in the account = $736.78125
Explanation:
Given the following
Principal = $725
Rate R = 3.25%
Time = 6months = 1/2 year
Using the formula for calculating simple interest expressed as;
SI = PRT/100
SI = (725 * 3.25 * 1/2)/100
SI = 1,178.125/100
SI = 11.78125
Hence the simple interest is $11.78125
Total in the account = Principal + Interest
Total in the account = $725+$11.78125
Total amount in the account = $736.78125
