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How much simple interest would Kaitlyn earn on $300 at 6% for six months?
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3 votes
How much simple interest would Kaitlyn earn on $300 at 6% for six months?

User Nicolas De Loof
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1 Answer

4 votes
I = let
I= 300*.06*.5
I= $9.00
Since time in the formula is years and the money was not in for a complete year you have to use the part of the year (6months) that it was earning interest 1/2 year or .5
User Tsachev
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