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math 156

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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.

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