SOLUTION: I am owed 46,000 dollars it has been 54 months I want to.add 3% interest to.the debt . How much money.in interest will I be asking for????

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Question 602707: I am owed 46,000 dollars it has been 54 months I want to.add 3% interest to.the debt . How much money.in interest will I be asking for????
Answer by ankor@dixie-net.com(22740) About Me  (Show Source):
You can put this solution on YOUR website!
I am owed 46,000 dollars it has been 54 months I want to.add 3% interest to.the debt .
How much money.in interest will I be asking for??
:
Assuming you mean simple interest at an annual rate of 3%
:
I = 46000*.03*54%2F12
I = $6,210