Answer:
Simple Interest = 9.75
Total Amount needed to payback = 309.75
Step-by-step explanation:
SI = P x R x T / 100
SI = Simple Interest
P = Principal
R = Rate in years
T = Time
SI = 300 x 1/2 x 6.5 /100
=> SI = 3 x 1/2 x 6.5
=> 1.5 x 6.5
=> 9.75
Total Amount needed to payback = Principal + Simple Interest
=> Total Amount needed to payback = 300 + 9.75
=> Total Amount needed to payback = 309.75
