A) Ms.Wright receive $12 as interest at the end of 1/2 year.
B) Ms.Wright receive $24 as interest at the end of 1 year.
Step-by-step explanation:
The sum deposited in the bank = Principle = $800
The rate of simple interest = 3%
The time = 6 months = (6/12) years = 0.5 years
[tex]\textrm{SIMPLE INTEREST} = \frac{P \times R \times t}{100} \\\implies SI = \frac{800 \times 3 \times 0.5}{100} = 12[/tex]
So, here simple interest = $12.
So Ms.Wright receive $12 as interest at the end of 1/2 year.
B) Now here Time = 1 year
so, Simple interest = [tex]\frac{800 \times 3 \times1 }{100} = 24[/tex]
So Ms.Wright receive $24 as interest at the end of 1 year.
