You put $550 in an account that earns 4.4% simple interest per year. how much interest do you earn in 6 months

$12.10

Step-by-step explanation:

We are given that $550 in an account that earns 4.4% simple interest per year .

We have to calculate value of interest your earn in 6 months

Principle amount=P=$550

Rate of interest =4.4%

Time= 1 year

Using simple interest formula

Where P= Principle amount

r=Rate of interest

t= times in years

Substitute the values in given formula then we get

S.I=

S.I=$24.20

Now, time =6 months=

S. I earn in one year =$24.20

S.I earn  in half year =

55

step-by-step explanation:

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step-by-step explanation: