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Q: How do you find simple interest for 6 months?

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54

7% of 3,000 for 6 month

13

It is 6%, as 360 is earned each year.

200

Related questions

find the interest on $4000 at 3.5% annual interest for 1 year 6 months

Eleven..? months? years?. Simple or compound interest?

54

.5

21.28

Simple interest is calculated: Interest= Principle X Rate X Time. In this case Interest= 20000 X .089 X 6 (72 months= 6 yrs) which equals $10680 in interest. You would owe/pay $30680 at the end of the 72 months.

Simple interest 140.00, compound interest (where interest is added to the previous months interest) 140.45

7% of 3,000 for 6 month

13

First you figure out the Principal, then you find the interest rate and then find the Time someone gave you to pay back loaned or borrowed money.Formula: Simple Interest= Principal*Rate*TimeExample: Principal-$25,000 Interest Rate- 6.25 simple interest- 6 years$25,000 x .0625 x 6= $9375!

7.5 x 2.5 ie 18.75

First you figure out the Principal, then you find the interest rate and then find the Time someone gave you to pay back loaned or borrowed money.Formula: Simple Interest= Principal*Rate*TimeExample: Principal-$25,000 Interest Rate- 6.25 simple interest- 6 years$25,000 x .0625 x 6= $9375!

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