business math and statistics
posted by regina on .
A simple interest calculation provides a useful estimate of what compound interest will be if(a) the dollar amount is small.(b) the dollar amount is large.(c) the term is long.(d) the term is short.

d. If the term is short.

in $3000 is invested at 7% for 6 months, how much simple interest is earned?

IF THE TERM IS SHORT

A simple interest calculation provides a useful estimate of what compound interest will be if