SOLUTION: Find the simple interest on a principal of $6000 at 3% for 2 years. (Hint: 3% =0.03)

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Question 64930: Find the simple interest on a principal
of $6000 at 3% for 2 years. (Hint: 3% =0.03)
Answer by 303795(602) About Me  (Show Source):
You can put this solution on YOUR website!
Simple Interest=principal x rate x time
=6000 x 3/100 x 2
=$360
The rate is 3 percent which is 3/100 = 0.03