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.
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?
2 answers
5.5% * 100 = ?
Or -- move the decimal point two places to the left to find the decimal number.
Or -- move the decimal point two places to the left to find the decimal number.
3 answers