Answer
$ 832.50
Work Step by Step
Interest = $ principal \times rate \times time$
Principal = 750
rate = $5\frac{1}{2}$ % = 5.5% = 0.055
time = 2 years
Interest = $ 750 \times 0.055 \times 2$ = 82.50 Dollars
Total Amount payable = Principal + interest = 750 + 82.50 = 832.50 Dollar
