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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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Related questions

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


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 .

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


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