SOLUTION: find the simple interest and the amount of $1200 invested an annual interest rate of 8% for 6 months
Algebra
->
Customizable Word Problem Solvers
->
Finance
-> SOLUTION: find the simple interest and the amount of $1200 invested an annual interest rate of 8% for 6 months
Log On
Ad:
Over 600 Algebra Word Problems at edhelper.com
Word Problems: Money, Business and Interest
Word
Solvers
Solvers
Lessons
Lessons
Answers archive
Answers
Click here to see ALL problems on Money Word Problems
Question 701346
:
find the simple interest and the amount of $1200 invested an annual interest rate of 8% for 6 months
Answer by
rfer(16322)
(
Show Source
):
You can
put this solution on YOUR website!
I=Prt
I=1200*0.08*0.5=$
I=$48