Asked by Rmz

find the simple interest for the indicated length of time.
$20000 at 5.5% interest for6 months.

20,000(0.55)(6)= $66,000

is that correct?
Answered by Ms. Sue
How can it be correct? There's no way you can earn $66,000 interest in 6 months on a $20,000 investment.

Please try again.

Answered by Ms. Sue
5.5% * 100 = ?

Or -- move the decimal point two places to the left to find the decimal number.