SOLUTION: Find the total simple interest on $6,000.00 invested at 9% for 5 years. I am very rusty in this area, and am not sure how to figure it out. Thank you! Jessica

Algebra ->  Algebra  -> Customizable Word Problem Solvers  -> Finance -> SOLUTION: Find the total simple interest on $6,000.00 invested at 9% for 5 years. I am very rusty in this area, and am not sure how to figure it out. Thank you! Jessica      Log On

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Question 188264: Find the total simple interest on $6,000.00 invested at 9% for 5 years.
I am very rusty in this area, and am not sure how to figure it out. Thank you! Jessica
Answer by Mathtut(3670) About Me  (Show Source):
You can put this solution on YOUR website!
I=prt
:
I=6000(.09)(5)
:
I=$2700