Answer:
d. 17
Step-by-step explanation:
You are going to want to use the simple interest formula for this. The one below is modified for solving the interest earned.
[tex]I=Prt[/tex]
I = interest amount
P = principal amount
r = interest rate (decimal form)
t = time (years)
First, change 4% into its decimal form:
4% -> [tex]\frac{4}{100}[/tex] -> 0.04
Also, since the equation is in years, 6 months will be represented by 0.5. Next, plug in the values into the equation:
[tex]I=850(0.04)(0.5)[/tex]
[tex]I=17[/tex]
Your answer will be d. 17
