You invest $4,000.00 for six months at a 4.25% APR. How much interest will you earn?
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MCkosmoNOT
Question
You invest $4,000.00 for six months at a 4.25% APR. How much interest will you earn?
2 Answer

1. User Answers jeniferleiva01
[4000(0.042
5)]/2=$85 this is the answer... 
2. User Answers millermoldwarp
The correct answer is that the interest earned in 6 months for an investment of $ 4,000.00 at an interest rate of 4.25% per year was $ 85.
I = P * i * n where: I = earned interest, P = capital
i = annual interest, n = time
I =? P = $ 4,000.00 i = 4.25% n = 1/2 years
I = $ 4,000.00 * 0.0425 * 0.5
I = $ 85.00