Riccardo Frierson deposits $1,200 in savings account. The account pays a 3.5% annual interest rate. He makes no other deposits or withdrawals. How much simple interest does his account earn in 6 months?

Question

06-04-2022
Mathematics

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Riccardo Frierson deposits $1,200 in savings account. The account pays a 3.5% annual interest rate. He makes no other deposits or withdrawals. How much simple interest does his account earn in 6 months?

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