SOLUTION: the simple intrest I on a principle of P dollars at an intrest rate of R for time T in years is given by I = PRT find the simple intrest on a principle of $6000 at 3% for 2 years.

SOLUTION: the simple intrest I on a principle of P dollars at an intrest rate of R for time T in years is given by I = PRT find the simple intrest on a principle of $6000 at 3% for 2 years.

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Question 61648: the simple intrest I on a principle of P dollars at an intrest rate of R for time T in years is given by I = PRT find the simple intrest on a principle of $6000 at 3% for 2 years.
Answer by checkley71(8403) (Show Source): You can put this solution on YOUR website!
I=PRT
I=6000*.03*2
I=$360 THE AMOUNT OF INTEREST FOR THIS INVESTMENT FOR THIS INTEREST RATE FOR 2 YEARS.
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