Question

You put $550 in an account that earns 4.4% simple interest per year how much interest do you earn in six months

Answer 1

I=PRT
P=princiapl=amount put in
r=rate in decimal
t=time in years



so
P=550
r=4.4%=0.044
t=6/12=1/2 yr



so
I=(550)(0.044)(1/2)
I=(275)(0.044)
I=12.10

you earn $12.10 interest in 6 months