Jonah has $50,000 in a savings account that earns 10.6% annually. The interest is not compounded. How much will he have in 6 months?
I = PRT
I = 50,000 * 0.106 * 0.5
Add the interest to the principal.
I = 50,000 * 0.106 * 0.5
Add the interest to the principal.