christabelmomah83 christabelmomah83

12-01-2022
Mathematics

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A $3000 loan is taken out for 12% interest for 6 months. Write an equation to solve the amount of interest paid.
Level 2: Interest=Principle x Rate x Time Change % to a decimal & TIME is in years. so change months to a decimal too.
Head start: I = (3000) x (0._ _) x (0._)

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kyrapup52 kyrapup52

12-01-2022

Don’t know if this is right but u cud try this.

$3000*0.12*0.5/100

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