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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

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.

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