Interest on $3,000 at 5 1/2 % for 6 months

By: USER1762
29 Agustus 2025 mathematics 5 minutes
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Question

Grade: Education Subject: mathematics
Interest on $3,000 at 5 1/2 % for 6 months
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Answer (42)

Best Answer
(177)

The interest should equal $990. First, you have to convert the rate per month into years, and then use the formula Interest=principal x interest per year x time in years

Answered on 29 Agustus 2025

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