book Maths Puzzle Numerical Ability

i need to find the simple interest and future value of a deposit of 6,982 at 14% for 6 months..

i thought it was simple interest 488.74 and future value 7,470.74

thanks
r

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I need to simplify and write anser in lowest terms. I have tried different ways and every time it is wrong, I am working on my diploma through James madison high school, So all I h The future value of an amount of money is said to be the value of the amount of money that
is allowed at an interest rate over time, and is given by the formula:



where:
F