Answer:
the interest received is $957.03
Step-by-step explanation:
Given that
The invested amount is $10,000
There is 18 months
And, the interest rate is 6.25%
= (($10,000 × (1 + 6.25% ) × 0.0625 × 6 months ÷ 12 months)) + ($10,000 × 6.25%)
= $332.03 + $625
= $957.03
Hence, the interest received is $957.03
