SOLUTION: THE SIMPLE INTEREST. I ON A PRINCIPAL OF P DOLLARS AT INTEREST RATE R FOR TIME T, IN YEARS, IS GIVEN BY I=PRT. FIND THE SIMPLE INTEREST ON A PRINCIPAL OF $6000 AT 3% FOR 2 YEARS (3
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Question 66796: THE SIMPLE INTEREST. I ON A PRINCIPAL OF P DOLLARS AT INTEREST RATE R FOR TIME T, IN YEARS, IS GIVEN BY I=PRT. FIND THE SIMPLE INTEREST ON A PRINCIPAL OF $6000 AT 3% FOR 2 YEARS (3%=0.03)
Answer by checkley71(8403) (Show Source): You can put this solution on YOUR website!
I=6000*.03*2
I=360
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