SOLUTION: Alicia puts $650.00 in a bank account. Each year the account earns 7.2% simple interest. How much money will be in her bank account in six months?

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Question 1071233: Alicia puts $650.00 in a bank account. Each
year the account earns 7.2% simple interest.
How much money will be in her bank account
in six months?
Answer by josgarithmetic(39618) About Me  (Show Source):
You can put this solution on YOUR website!
No mention of compounding period, so we really have insufficient information to answer the question.

If the full year, the interest WOULD be 0.072%2A650=46.8.

But HALF a year instead of full year?
Maybe the rate for the half-year is 0.072%2F2=0.036 or 3.6%;
and the interest IF IT WERE valid, might be 0.036%2A650=highlight_green%2823.4%29.