document.write( "Question 588558: using the formula for simple interest I=PRT determine the interest paid on a loan in the amount of 5,000 at 6% interest, paid back in 2 years
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Algebra.Com's Answer #374535 by jim_thompson5910(35256)\"\" \"About 
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I = PRT\r
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\n" ); document.write( "\n" ); document.write( "I = 5000*(0.06)*(2)\r
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\n" ); document.write( "\n" ); document.write( "I = 600\r
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\n" ); document.write( "\n" ); document.write( "So the interest paid is 600 dollars.\r
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