mya101022 mya101022

10-09-2022
Mathematics

contestada

$15,000 is invested for 6 months at an annual simple interest rate of 2%.
(a) How much interest will be earned?

(b) What is the future value of the investment after 6 months?

Respuesta :

ejdad88 ejdad88

11-09-2022

Step-by-step explanation:

u find 2 percent of 15000 which is 2/100×15000 to find the annual interest then divide it by 2 to find 6 months 300 is the yearly interest so 6 months will be 150

(b) here u add the 150 gotten from a to 15000 giving u 15150

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