SOLUTION: If the simple interest on $10000 at 6% is $3000, then what is the time?

SOLUTION: If the simple interest on $10000 at 6% is $3000, then what is the time?

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Question 886885: If the simple interest on $10000 at 6% is $3000, then what is the time?
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
I=prt
3000=10000*0.06*t
3000=600t
3000/600=t
t=5yrs
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