SOLUTION: Joel's bank figures interest semi-annually; that is, every 6 months. How much interest will $4,000 earn at 3.5% for 6 months? (Hint: Write 6 months as a fractional part of a year.)
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Question 934499: Joel's bank figures interest semi-annually; that is, every 6 months. How much interest will $4,000 earn at 3.5% for 6 months? (Hint: Write 6 months as a fractional part of a year.) Answer by Alan3354(69443) (Show Source):