SOLUTION: $6000 is deposite at an interest rate of 6%p.a for 30years what is the simple interast used?
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Question 522986: $6000 is deposite at an interest rate of 6%p.a for 30years what is the simple interast used?
Answer by mananth(16946) (Show Source): You can put this solution on YOUR website!
I = p*r*t
p=6000
r=6% =>0.06
t=30
I=6000*0.06*30
I=10800
Interest = $10,800
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