Find the interest earned on an investment with a principal = $850, interest rate = 12% per year, and time = 6 months. A)$510.00 B)$51.00 C)$5.10 D)$26.00

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asked May 13, 2019 81.0k views

4 votes

Find the interest earned on an investment with a principal = $850, interest rate = 12% per year, and time = 6 months.

A)$510.00
B)$51.00
C)$5.10
D)$26.00

Mathematics
middle-school

Sjharrison asked

by Sjharrison

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1 Answer

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12% per year means 6% every6 months
so do 850 × 0.06= 51USD

Andrybak answered May 19, 2019

by Andrybak

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