What is the simply interest. principal $ 300, rate 6.8 % time half a year 6 months

Question

Madisyn Butler

Mathematics

15 October, 02:49

What is the simply interest. principal $ 300, rate 6.8 % time half a year 6 months

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Answers (2)

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Spookey · Answer 1

The formula for simple interest for months is I=P * (r / m) * n. Where P is the principle and r is rate and m is the year or 12 months and n equals how many months.

I=300 * (0.068 / 12) * 6 = 10.2

So the interest would be $10.2

Tess Prince · Answer 2

I=PRT

I=interst

P=principal

R=rate

T=time in years

I=?

P=300

R=0.068

T=0.5

I = (300) (0.068) (0.5)

I=10.2

interest is $10.2