Question

Find the simple interest if $10,000 is invested for 6 months at 9 1/2%

Answer 1

?

Answer 2

475

Answer 3

How did you get that? :D

Answer 4

10,000 * 9.5 * 1/2

Answer 5

divided by 100.

Answer 6

The formula is
I= P*r*t
where I is the interest, P is the principal (amount of money), r is the interest rate, and t is the time.
you have to change r from % to decimal. so here 9.5% becomes 0.095 (9.5/100)
now multiply 10000*0.095*0.5 to get the interest.