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.
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
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
14
200
6% of 500 dollars is 30 dollars - whether it is over 12 months or a micro-second.