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

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Q: What is the simple interest of 3000 dollars invested at 7 percent for six months?

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1200

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

If every six months the capital earn 10% interest which is compounded, at the end of 5 years, the interest will be 31875. If the annual interest rate is 10%, it makes no difference how often it is compounded. The six monthly interest rate is adjusted - to 4.88% rather than 5% - so that the total interest for a year is 10%.

3 months

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1200

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 .

7% of 3,000 for 6 month

763.89

$60.00

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.

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.

of course it is 290 dollars

200

14

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

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