P= $16,000, r= 10%, t= 180 days Assume 360 days in a year.

asked Jun 14, 2022 81.7k views

22 votes

P= $16,000, r= 10%, t= 180 days
Assume 360 days in a year.

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7 votes

$800 I believe, don’t take my absolute word I could be wrong

DeeZone answered Jun 17, 2022

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7 votes

Interest = (principal)(rate as a decimal)(time in years)

I = (16,000)(0.1)(0.5)
I = $800

Ntokozo Zwane answered Jun 21, 2022

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