Saturday

March 28, 2015

March 28, 2015

Posted by **Rmz** on Thursday, December 3, 2009 at 5:14pm.

$20000 at 5.5% interest for6 months.

20,000(0.55)(6)= $66,000

is that correct?

- math 156 -
**Ms. Sue**, Thursday, December 3, 2009 at 5:20pmHow can it be correct? There's no way you can earn $66,000 interest in 6 months on a $20,000 investment.

Please try again.

- math 156 -
**Ms. Sue**, Thursday, December 3, 2009 at 5:21pm5.5% * 100 = ?

Or -- move the decimal point two places to the left to find the decimal number.

**Answer this Question**

**Related Questions**

Math - Find the simple interest for the indicated length of time. $7915 at 9% ...

Math - 1. Jacksonville Technical College received $3,445,553 in state aid on ...

Math - Find the simple interest for the indicated length of time: $7,211 at 12...

Math - Pre Algebra - Simple and Compound Interest Find the simple interest. ...

Accounting - Jacks Corporation purchases $200,000 bonds plus accrued interest ...

Math - Find the interest if $ 9,000 is invested at an annual simple interest ...

Math - Asher cashed in a one-year term deposit after only five months had ...

simple interest - Jimmy invests 15,000 coins in a bank and earns simple interest...

math - 1. A 120-day simple discount promissory note for $12,000 with a simple ...

math/Finance - I want to know the formula to use 1. A 120-day simple discount ...