SOLUTION: I need help. john and mary borrowed %600 at 12% simple interest for the period of three years. How much interest paid? Thank You.

Algebra.Com
Question 746540: I need help.
john and mary borrowed %600 at 12% simple interest for the period of three years. How much interest paid?
Thank You.

Answer by rfer(16322)   (Show Source): You can put this solution on YOUR website!
i=600*0.12*3
I=$72

RELATED QUESTIONS

Please help An amount of $49,000 is borrowed for 12 years at 7.25% interest,... (answered by ewatrrr)
If $13,000 is borrowed at 5.8% simple interest for 10 years, how much interest will be... (answered by Boreal)
Jerry borrowed $600 at 10 percent per year, simple interest, for three years. H ow much... (answered by nerdybill)
please help me An amount of $42,000 is borrowed for 5 years at 8.5% interest,... (answered by Theo)
(1) $600 invested at simple interest for 2 years earns $96. what is the rate of interest... (answered by rfer)
How much money was borrowed at 15% simple interest for 18months if the interest paid was... (answered by Mathtut)
juanita and borrowed $4800 at a simple interest rate of 11% for a period of 2 years. what (answered by rfer)
Juanita and carlos borrowed $4800 at a simple interest rate of 11% for a period of 2... (answered by CharlesG2)
I need help with this problem: How much interest will you earn on $2300 invested at 3%... (answered by rfer)