anonymous
  • anonymous
Find the simple interest if $10,000 is invested for 6 months at 9 1/2%
Mathematics
  • Stacey Warren - Expert brainly.com
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SOLVED
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chestercat
  • chestercat
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anonymous
  • anonymous
?
anonymous
  • anonymous
475
anonymous
  • anonymous
How did you get that? :D

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anonymous
  • anonymous
10,000 * 9.5 * 1/2
anonymous
  • anonymous
divided by 100.
phi
  • phi
The formula is I= P*r*t where I is the interest, P is the principal (amount of money), r is the interest rate, and t is the time. you have to change r from % to decimal. so here 9.5% becomes 0.095 (9.5/100) now multiply 10000*0.095*0.5 to get the interest.

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