# $22,000 is invested at a simple interest rate of 1.5%. How much does the investment earn after 6 months?

##### 2 Answers

You have not stated the calculation cycle.

You will have to adjust the derived values to suit the complete context of the question (not stated).

#### Explanation:

So the earning is:

Lets assume that the

Thus for six months we have:

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Note that this does not reflect what happens in real life.

You will have to adjust the above values to suit the complete context of the question (not stated).

#### Explanation:

The money earned in simple interest is given by the equation:

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:

So, we earn: