answersLogoWhite

0


Best Answer

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

User Avatar

Wiki User

9y ago
This answer is:
User Avatar
More answers
User Avatar

vf131

Lvl 2
2y ago

anwer is A

This answer is:
User Avatar
User Avatar

Ethel Hauck

Lvl 1
2y ago
awsom thx

Add your answer:

Earn +20 pts
Q: What is the simple interest of 3000 dollars invested at 7 percent for six months?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

How much interest will 10000 earn in 18 months if invested at 8 percent compounded semiannually?

1200


How much would 15000 dollars invested at 8 percent interest compounded annually be worth after 6 months?

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 .


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

7% of 3,000 for 6 month


What is monthly interest rate if annual interest rate earned is 5 percent?

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.


Eight hundred dollars is borrowed at an interest rate of 1.5 percent per month Find the interest paid over a period of 5 months?

$60.00


If you were to borrow twenty-five thousand dollars at a 10 percent interest for 36 months what would be your monthly payment?

763.89


What would be the amount of compound interest on 8000 invested for two years at 12 percent compounded semiannually?

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


How do you find simple interest for 6 months?

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


What is 278 dollars at 5 percent for 9 months?

of course it is 290 dollars


What is the total for 4.25 percent interest on fifteen thousand dollars over 5 months?

15,000*0.0425*5/12 = 265.625 unless it is compounded on a daily basis.


What is the interest on 4000 at 3.5 percent annual interest for 1 year 6 months?

200


If you borrow 1000 at 7.5 percent interest for 12 months ch interest will you pay?

14