Ask Question
Today, 08:49

You put $550 in an account that earns 4.4% simple interest per year how much interest do you earn in six months

+4
Answers (1)
  1. Today, 11:20
    0
    I=PRT

    P=princiapl=amount put in

    r=rate in decimal

    t=time in years

    so

    P=550

    r=4.4%=0.044

    t=6/12=1/2 yr

    so

    I = (550) (0.044) (1/2)

    I = (275) (0.044)

    I=12.10

    you earn $12.10 interest in 6 months
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “You put $550 in an account that earns 4.4% simple interest per year how much interest do you earn in six months ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers