SOLUTION: I=Prt P=740, R=6% T=1year whats the answere

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Question 219534: I=Prt P=740, R=6% T=1year whats the answere
Answer by jim_thompson5910(35256) About Me  (Show Source):
You can put this solution on YOUR website!
I=Prt Start with the simple interest formula.


I=740%280.06%29%281%29 Plug in P=740, r=0.06 (note: 0.06 is the decimal equivalent of 6%), t=1.


I=%2844.4%29%281%29 Multiply 740 and 0.06 to get 44.4.


I=44.4 Multiply 44.4 and 1 to get 44.4.


So the simple interest is $44.40