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Find the interest earned on an investment with a principal = $850, interest rate = 12% per year, and time = 6 months. A)$510.00 B)$51.00 C)$5.10 D)$26.00

Find the interest earned on an investment with a principal = $850, interest rate = 12% per year, and time = 6 months. A)$510.00 B)$51.00 C)$5.10 D)$26.00
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Find the interest earned on an investment with a principal = $850, interest rate = 12% per year, and time = 6 months.

A)$510.00
B)$51.00
C)$5.10
D)$26.00

asked
User Sjharrison
by
8.0k points

1 Answer

3 votes
12% per year means 6% every6 months
so do 850 × 0.06= 51USD
answered
User Andrybak
by
8.2k points
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