Homework Help: math 156

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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