22,000 $i s i n v e s t e d a t a s i m p l e i n t e r e s t r a t e o f$ 1.56$ months?

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Solution

165$
Explanation:
The money earned in simple interest is given by the equation:
$S_{f} = S_{i} \times r \times n$
where:
$S_{i}, S_{f}$ are the initial and final amount of money.
$r$ is the interest rate.
$n$ is the number of years.
We got: $n = 6$ months = $0.5$ .
So, we earn:
$S_{f}$ = 22000\times 1.5\times 0.5$
=11000\times 0.015$
=165$

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22,000isinvestedatasimpleinterestrateof1.56$ months?

165$Explanation:The money earned in simple interest is given by the equation:Sf=Si×r×nwhere: Si,Sf are the initial and final amount of money. r is the interest rate. n is the number of years.We got: n=6 months = 0.5.So, we earn:Sf = 22000\times 1.5\times 0.5$=11000\times 0.015$=165$

22,000 $i s i n v e s t e d a t a s i m p l e i n t e r e s t r a t e o f$ 1.56$ months?