SOLUTION: Easy Money Inc. charges 22% simple interest (annually) for a 3-year, $1000 loan. Find the interest for 6 months.

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Question 463490: Easy Money Inc. charges 22% simple interest (annually) for a 3-year, $1000 loan.
Find the interest for 6 months.
Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
I=1000*0.22*.5
I=$110