Jen alone Jerry 300 at an interest rate of 10% a year. How much interest will Gina yet if Jerry paste Gina after six months
To calculate the interest that Gina will get after six months, we need to determine the interest rate for six months first.
The interest rate per year is 10%, so the interest rate per month is 10%/12 = 0.833%.
Since Gina is receiving the money after six months:
Interest rate for six months = 0.833% * 6 = 5%
To calculate the interest that Gina will receive, we multiply the principal amount by the interest rate:
Interest = Principal * Interest rate
Interest = $300 * 5% = $15
Therefore, Gina will receive an interest of $15 after six months.