Question

Darryl's bank offers 3% interest per year. If he deposits $100 in that bank, how much simple interest does he earn in 6 months?

Answer 1

I = PRT?

Answer 2

Pre Algebra student here.
Interest = Principle x Rate x ____?

Answer 3

x = 100 * 0.03 * 0.5

Answer 4

1.5

Answer 5

So darryl will get $1.5

Answer 6

Thanks!

Answer 7

np.