SOLUTION: The simle interest I on a princial of P dollars at interest rate r for time t, in years, is given by I = Pri. Find the simple interest on a principal of $6000 at 3 3% for 2 years.

Algebra ->  Customizable Word Problem Solvers  -> Misc -> SOLUTION: The simle interest I on a princial of P dollars at interest rate r for time t, in years, is given by I = Pri. Find the simple interest on a principal of $6000 at 3 3% for 2 years.      Log On

Ad: Over 600 Algebra Word Problems at edhelper.com


    

Question 39609: The simle interest I on a princial of P dollars at interest rate r for time t, in years, is given by I = Pri. Find the simple interest on a principal of $6000 at 3 3% for 2 years.
I know that 3% is 0.03
Answer by checkley71(8403) About Me  (Show Source):
You can put this solution on YOUR website!
I=PRT (PRINCIPAL, RATE,TIME - IN YEARS) OR I=6000*.03*2 OR I=360