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katrin2010 [14]
3 years ago
7

Interest=? Principle=$580 2% 6 months * $0.58 $5.80 $58.00 A billion dollars

Mathematics
1 answer:
stealth61 [152]3 years ago
6 0

Answer:

The interest is $5.80

Step-by-step explanation:

Here, we want to

calculate the interest on $580 for 6 months at a rate of 2%

Mathematically, we use the formula;

I = PRT/100

As T is not up to a year, we did use by 12 which is 6/12 = 0.5

P = 580

R = 2%

Substituting these values in the interest formula, we have;

I = (580 * 2 * 0.5)/100 = $5.80

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