Answer:
$447.04
Step-by-step explanation:
Amount (A) = Simple interest + Principal,
Simple interest = (Principal * rate * time)
A = (P * r * t) + P
Principal (P)= $440
rate (r)= 32% or 0.032 as a decimal
time (t) = duration of investment (in years) = 6 months = 1/2 a year
Next, plug in the numbers into the formula;
A = [440 *0.032* [tex]\frac{1}{2}[/tex] ] + 440
A= (440 *0.016)+440
A = ($7.04) + 440
= $447.04
