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OpenStudy (anonymous):
How much simple interest is earned on $2000 at 4% interest for 6 months? Give your answer in dollars and cents. Round your answer to the nearest hundredth. Simple Interest I = p • r • t
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OpenStudy (anonymous):
@jim_thompson5910
jimthompson5910 (jim_thompson5910):
what did you get?
OpenStudy (anonymous):
i dont know how to do it
jimthompson5910 (jim_thompson5910):
plug in p = 2000 r = 0.04 t = 6/12 = 0.5
OpenStudy (anonymous):
i got 40...sorry for answering so late!!
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jimthompson5910 (jim_thompson5910):
40 is correct
OpenStudy (anonymous):
thanks
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