Register
EXAMPLE 1: invests $500 at a simple interest rate of 6%. How much interest will he earn in one month? In six months? In one year?
162k views
19 votes
EXAMPLE 1: invests $500 at a simple

interest rate of 6%. How much interest will he earn in
one month? In six months? In one year?

User WAF
by
8.8k points

1 Answer

2 votes
One month: $30
Six months: $180
One year: $360
User Josef Prochazka
by
8.1k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.3m questions

12.0m answers

Other Questions

Who was Adam Smith ? Anybody?
In what way did the GI Bill contribute to the growth of professional and white-collar jobs ? A.by providing US laborers with new job-training programs B.by giving US veterans assistance to purchase a new
What is meant by data mining ?
What is the best way to describe a stock market?
The government has decided that the free market price of cheese is too low. Farmers complain that the price floor has reduced their total revenue.Is this possible? Explain
Link Copied!