SOLUTION: A money market fund advertises a simple interest rate of 13%. Find the total amount received on an investment of $6000 for 15 months.

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: A money market fund advertises a simple interest rate of 13%. Find the total amount received on an investment of $6000 for 15 months.      Log On

Ad: Over 600 Algebra Word Problems at edhelper.com


    

Question 1023675: A money market fund advertises a simple interest rate of 13%. Find the total amount received on an investment of $6000 for 15 months.
Answer by Alan3354(69443) About Me  (Show Source):
You can put this solution on YOUR website!
A money market fund advertises a simple interest rate of 13%. Find the total amount received on an investment of $6000 for 15 months.
-----------
Int = 0.13*6000*(15/12)