SOLUTION: Pam and carlos borrowed $4800 at a simple interest rate of 11% for 2 years. What was the interest?

SOLUTION: Pam and carlos borrowed $4800 at a simple interest rate of 11% for 2 years. What was the interest?

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Question 230641: Pam and carlos borrowed $4800 at a simple interest rate of 11% for 2 years. What was the interest?
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
A=Prt
A=4800*.11*2
A=$1056
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