SOLUTION: What is the simple interest of a deposit of 6,000 for 180 days and the interest rate is 6.75%?
Algebra.Com
Question 620769: What is the simple interest of a deposit of 6,000 for 180 days and the interest rate is 6.75%?
Answer by nerdybill(7384) (Show Source): You can put this solution on YOUR website!
What is the simple interest of a deposit of 6,000 for 180 days and the interest rate is 6.75%?
Interest = Prt
P is 6000
r is .0675
t is 180/365
.
Interest = Prt
Interest = 6000(.0675)(180/365)
Interest = 6000(.0675)(0.493151)
Interest = 6000(0.0332877)
Interest = $199.73
RELATED QUESTIONS
Solving Simple Interest Problems
P=$1180, R=6%, and T= 2 years
what is the... (answered by palanisamy)
Solve for the amount of simple interest in the following: Dave invested $9,500 in a time... (answered by rfer)
• A deposit of $5,000 earns interest at 7% p.a. compounded quarterly for four years and (answered by ikleyn)
The daily interest multiplier for a savings account paying 2% annual interest for
180... (answered by ikleyn)
A certificate of deposit for one year pays $221 simple interest on a principal of $3400.... (answered by rfer)
what is the simple interest for a deposit of $30000 at 3% simple interest for one... (answered by stanbon)
At what simple interest rate must your deposit of ₱35,000 be credited if
you want to... (answered by ikleyn)
Math Question: Simple Intrest = Amount of deposit x Interest rate(decimal) x time... (answered by DWL)
What is the simple interest on a loan of $600 for 3 years at 6%... (answered by solver91311)