SOLUTION: If I= Prt and p = 160, r = .06, t = 3/12, then I

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Question 611309: If I= Prt and p = 160, r = .06, t = 3/12, then I
Answer by ewatrrr(24785) About Me  (Show Source):
You can put this solution on YOUR website!
 
Hi,
I= Prt and p = 160, r = .06, t = 3/12
substituting the values Given:
I = 160·.06·(1/4) = 40·.06 = $2.40