Question

Gene alone Gary 300 at an interest rate of 10% a year. How much interest would gina get if gary page gina after six months

Answer 1

To calculate the interest that Gina would receive after six months, we need to find the interest earned on the principal amount of $300 at an interest rate of 10% per year.

First, let's calculate the interest earned for one year:

Interest = Principal x Rate
Interest = $300 x 10% = $30

Since the question asks for the interest after six months, we need to calculate half of the interest earned for one year:

Interest after six months = $30/2 = $15

Therefore, Gina would receive $15 in interest after six months.