SOLUTION: determine the principle that will earn $200 simple interest in 5years at 6%per anum

SOLUTION: determine the principle that will earn $200 simple interest in 5years at 6%per anum

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Question 99763: determine the principle that will earn $200 simple interest in 5years at 6%per anum
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
I = Prt
I = 200*0.06*5
I = 200*0.30
I = $60
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Cheers,
Stan H.
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