SOLUTION: I=Prt P=740, R=6% T=1year whats the answere

SOLUTION: I=Prt P=740, R=6% T=1year whats the answere

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Question 219534: I=Prt P=740, R=6% T=1year whats the answere
Answer by jim_thompson5910(35256) (Show Source): You can put this solution on YOUR website!
Start with the simple interest formula.

Plug in , (note: 0.06 is the decimal equivalent of 6%), .

Multiply and to get .

Multiply and to get .

So the simple interest is $44.40
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