How much interest will $10,000 earn in 3 months at an annual rate of 6%?
Pick one: A) $250 B) $150 C) $450 D) $550 E) $650
Soln:-   6 months = 1/4 of year;   6% = 6/100=3/50;   $10,000(principal)*3/50(interest rate)*1/4(time)=$150.   ANSWER:$150
<result>B</result>
How much interest will $10,000 earn in 3 months at an annual rate of 6%?