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Q: If 3000 is invested at 7 percent for 6 months how much simple interest is earned?

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If the interest is compounded annually, then the first interest payment isn't added until the end of the first year. Until then, the investment is worth exactly $15,000.00 .

Semiannually over two years is equivalent to 4 periods. If the interest is 12% every 6 months, then the amount of interest is It is 8000*[(1.12)4 -1] =4588.15

Take the annual interest rate, divide it by 2 and multiply it by the amount you invested or borrowed.

200

42

Related questions

1/12th of 5% because there are 12 months in a year. ANSWER:- 1/60th per cent, which is the same as 0.01667 of the amount invested.

1200

6.99/100 * $12000 * 72/12 = $5032.80 interest earned

3000*(7/100)*(6/12) = 105 dollars

70 x 8 x 3/4 ie 420

If the interest is compounded annually, then the first interest payment isn't added until the end of the first year. Until then, the investment is worth exactly $15,000.00 .

Semiannually over two years is equivalent to 4 periods. If the interest is 12% every 6 months, then the amount of interest is It is 8000*[(1.12)4 -1] =4588.15

Take the annual interest rate, divide it by 2 and multiply it by the amount you invested or borrowed.

5000 x 1.03 ^ (11/12) = your total interested earned

200

14

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