SOLUTION: Find the interest on the total amount of $400.00 at 5+1/2 for 16 months. The right answer is $29.34 but I keep getting my answer wrong. I know that the formula is I = prt And I

Question 952066: Find the interest on the total amount of $400.00 at 5+1/2 for 16 months.
The right answer is $29.34 but I keep getting my answer wrong.
I know that the formula is I = prt And I do all the steps right. I think it's cause of the fraction that's why I can't get it right. Please help me understand anything I'm missing and give me steps. Thanks
Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!
months = years

Or, if you insist, $29.34

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