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8 April, 16:10

How much simple interest would Kaitlyn earn on $300 at 6% for six months?

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  1. 8 April, 16:24
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    I = let

    I = 300*.06*.5

    I = $9.00

    Since time in the formula is years and the money was not in for a complete year you have to use the part of the year (6months) that it was earning interest 1/2 year or. 5
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