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What is the simple interst on $32,000 at 7% interest for 6 months?
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1 vote
What is the simple interst on $32,000 at 7% interest for 6 months?

User Hortense
by
3.4k points

2 Answers

2 votes

Answer:

$33120

Explanation:

si = p(1 + rt)

si = 32000 ( 1 + (0.07) (0.5) )

si = $33120

User Tishan
by
3.7k points
7 votes

Answer:

$ 33120

Explanation:

SI = P(1 + rt)

= 32,000 [ 1 + (0.07) (0.5) ]

= 32,000 (1 + 0.035)

= 32,000 (1.035)

= 33120

User Ovie
by
3.4k points
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