Ask Question
6 June, 07:27

Interest on $3,000 at 5 1/2 % for 6 months

+5
Answers (1)
  1. 6 June, 07:51
    0
    The interest should equal $990. First, you have to convert the rate per month into years, and then use the formula Interest=principal x interest per year x time in years
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Interest on $3,000 at 5 1/2 % for 6 months ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers