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If you are told to calculate simple interest, and you are told to calculate the interest for 6 months, what would you need to do in order to calculate the simple interest?
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If you are told to calculate simple interest, and you are told to calculate the interest for 6 months, what would you need to do in order to calculate the simple interest?

User Alexander Finn
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Hi there everyone hi hi
User Shep Sims
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Answer:

number of periods per year m, times the number of periods n: simple interest amount = principal amount × (rate / m) × n.

Explanation:

User Rwking
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