how much simple interest would Karen earn on $300 at 6% for 6 months
I = PRT
I = 300 * 0.06 * 0.5
I = ?
To calculate the simple interest, you can use the formula:
Simple Interest = Principal x Rate x Time
In this case, the principal (P) is $300, the interest rate (R) is 6% (converted to decimal form, which is 0.06), and the time (T) is 6 months (converted to years, which is 0.5).
Plugging in these values into the formula, we get:
Simple Interest = $300 x 0.06 x 0.5
Calculating the above expression, we find:
Simple Interest = $9
Therefore, Karen would earn $9 in simple interest on $300 at 6% for 6 months.