SOLUTION: Find the simple interest(to the nearest cent) when $770 is invested at 16% for 6 months

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: Find the simple interest(to the nearest cent) when $770 is invested at 16% for 6 months      Log On

Ad: Over 600 Algebra Word Problems at edhelper.com


   



Question 381749: Find the simple interest(to the nearest cent) when $770 is invested at 16% for 6 months
Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
I=770*0.16*0.5
I=61.60