> > if $3,000 is invested at 7% for 6 months, how much simple interest is earned?

if $3,000 is invested at 7% for 6 months, how much simple interest is earned?

a 105.00 b 150.50 c 180.00 d 210.00 in the example given in the abo...

131 Views

if $3,000 is invested at 7% for 6 months, how much simple interest is earned?

a 105.00 b 150.50 c 180.00 d 210.00 in the example given in the above question what is the maturity value at the end of the six months?
a 2,895.00 b 3,090.00 c 3,105.00 d 3,210.00

Answer

The first one is a.
105 because .07 x .5 x 3000 is equal to 105.
I'm not sure about the second one though.

Virtual Teaching Assistant: Colleen R.
Question Level: Basic
Karma: Free
Upload Date: 5/31/2017

This 51 words question was answered by Colleen R. on StudySoup on 5/31/2017. The question contains content related to Business Since its upload, it has received 131 views.

Recommended Questions