Thursday
March 30, 2017

Post a New Question

Posted by on .

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 - ,

    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 - ,

    5.5% * 100 = ?

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

Answer This Question

First Name:
School Subject:
Answer:

Related Questions

More Related Questions

Post a New Question