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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?
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31 votes
31 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 Zeekhuge
by
2.4k points

1 Answer

14 votes
14 votes
One month: $30
Six months: $180
One year: $360
User Mnp
by
2.2k points
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