Different ways. Like by culture, type or habitat and so on.
Answer:
$1320
Explanation:
Data obtained from the question include:
Principal (P) = $22000
Rate (R) = 12 %
Time (T) = 6 months
There are 12 months in a year i.e
12 months = 1 year.
Therefore, 6 months = 6/12 = 1/2 year
Interest (I) =?
Interest is related to principal, rate and time by the following equation:
I = PRT
I = 22000 x 12% x 1/2
I = 22000 x 12/100 x 1/2
I = $1320
Therefore, the interest revenue earned for the entire term of the note is $1320
How accurate the information is.
