Best Answer

7% of 3,000 for 6 month

More answers

Lvl 2

$210.00

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

Write your answer...

Submit

Still have questions?

Continue Learning about Other Math

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

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

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

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

???????? I'm the best Justin