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Chris earns intrest after investing 25,000 at 5% for 6 months how much interset does he earn

1 Answer

4 votes

Answer:

$0.12

Explanation:

First you need to find 5% of 25,000

To do this use this equation:

_% / _

The percent divided by the whole number.

In this problem you can set it up like this:

5/25,000=0.0002

Then take the answer and multiply it by 100.

0.0002x100=0.02

5% of 25000 is 0.02

if its monthly interest he would get 2 cents every month

0.02 x 6 =0.12

After 6 months he would gain 12 cents

User StanleyD
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