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lamlamb36 lamlamb36
  • 01-03-2016
  • Business
Answered

if $3,000 is invested at 7% for 6 months, how much simple interest is earned?

a 105.00

b 150.50

c 180.00

d 210.00

in the example given in the above question what is the maturity value at the end of the six months?

a 2,895.00

b 3,090.00

c 3,105.00

d 3,210.00

Verified Answer :

Anonymous Anonymous
  • 02-03-2016

The first one is
a. 105
because .07 x .5 x 3000 is equal to 105.

I'm not sure about the second one though.

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