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27 December, 16:17

Find the interest earned on an investment with a principal = $850, interest rate = 12% per year, and time = 6 months.

A) $510.00

B) $51.00

C) $5.10

D) $26.00

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Answers (1)
  1. 27 December, 16:43
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    12% per year means 6% every6 months

    so do 850 * 0.06 = 51USD
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