SOLUTION: a $2000bond earns 6% simple interest how much earned over 3 months?

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Question 682937: a $2000bond earns 6% simple interest how much earned over 3 months?
Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
a $2000 bond earns 6% simple interest how much earned over 3 months?
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Formula for interest: I = Prt
I = 2000*0.06*(3/12) = 2000*0.06*1/4) = 500*0.06 = 6*5 = $30
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Cheers,
Stan H.
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