SOLUTION: $23,000 at 6% for 180 days (use ordinary interest method for this simple interest problem)

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Question 927688: $23,000 at 6% for 180 days (use ordinary interest method for this simple interest problem)
Answer by srinivas.g(540) About Me  (Show Source):
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Principal amount (p)= $ 23,000
Rate (r)= 6 %
Time = 180 days = 6 months =0.5 years
Simple interest (SI)= +p%2At%2Ar%2F100
= +23000%2A0.5%2A6%2F100
=230%2A0.5%2A6
= 690
SI = $ 690