QuestionDecember 15, 2025

Claire earned 540 last summer babysitting . She put the money in a savings account earning 2.5% simple interest. How much interest will she earn in 6 months?

Claire earned 540 last summer babysitting . She put the money in a savings account earning 2.5% simple interest. How much interest will she earn in 6 months?
Claire earned 540 last
summer babysitting . She put
the money in a savings account
earning 2.5%  simple interest.
How much interest will she earn
in 6 months?

Solution
4.4(297 votes)

Answer

\6.75 Explanation 1. Convert time to years 6 months = 0.5 years. 2. Apply simple interest formula Use I = Prt, where P = 540, r = 0.025, t = 0.5. 3. Calculate the interest I = 540 \times 0.025 \times 0.5 = 6.75

Explanation

1. Convert time to years<br /> $6$ months $= 0.5$ years.<br />2. Apply simple interest formula<br /> Use $I = Prt$, where $P = 540$, $r = 0.025$, $t = 0.5$.<br />3. Calculate the interest<br /> $I = 540 \times 0.025 \times 0.5 = 6.75$
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