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muminat
3 years ago
13

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

Business
1 answer:
Shtirlitz [24]3 years ago
4 0
I believe the answer would be $126,000 because 3,000*7*6 equals 126,000. I may have done it wrong since I haven't done this in a while.
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Answer:

See explaination

Explanation:

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Note that there is no accrual of interest expenditure since the expenditure is not legally due until after the first of the year.

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Answer:

Answer for the question  

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Is given in the attachment.

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