SOLUTION: I need help. john and mary borrowed %600 at 12% simple interest for the period of three years. How much interest paid? Thank You.

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: I need help. john and mary borrowed %600 at 12% simple interest for the period of three years. How much interest paid? Thank You.      Log On

Ad: Over 600 Algebra Word Problems at edhelper.com


   



Question 746540: I need help.
john and mary borrowed %600 at 12% simple interest for the period of three years. How much interest paid?
Thank You.

Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
i=600*0.12*3
I=$72