asked 36.2k views
2 votes
Hen calculating simple interest what must you do if you want to invest for months instead of years?

asked
User Bmjohns
by
7.8k points

1 Answer

2 votes
If the time period is months instead of years, you express it as a fraction of a year.

For example, 7 months is 7/12 year.

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.