62.0k views
4 votes
Find the simple interest on 500 at 6% for 1 year

1 Answer

4 votes
$500 times .06 (6%) divided by 12 months = 7.50 another way to do it is to take the 6% and divide by 360 times 180= 61.25 interest in the first 6 months
User Moonlit
by
8.8k points