lilyahna: Principal: $4000
Annual Interest Rate: 6.5%
What is the interest after 3 months?
Select one:
a. > $65.00
b. = $65.00
c. < $65.00
That would depend on how often the interest is compounded.
but
Let's assume it is simple interest or that it is compounded every 3 months (you'd get the same answer for these)
What is the simple interest formula?
What is the value of the letters in the formula?
Use the formula to get the answer.
If you get stuck write back but show me what you have done yourself as well.
+118654 
