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Arturiano [62]
2 years ago
10

A city orchestra invests $5200 at 6% simple interest. How much is in the account after 1/2 year?

Mathematics
1 answer:
stealth61 [152]2 years ago
4 0

1) the  amount  in the account to the end of 1/2 year is  M , for calculate it is the following formula for simple interest

M = C(1+i*n) ; where C = Capital, i = rate of interest, n = 1/2 year or it can be wrriten as 6 / 12 as fraction of month by year

M = C[( 1+0.06*(6/12)] =  $ 5356

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