Posted by Rmz on Thursday, December 3, 2009 at 5:14pm.
find the simple interest for the indicated length of time.
$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 5:20pm
How 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 5:21pm
5.5% * 100 = ?
Or  move the decimal point two places to the left to find the decimal number.
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