SOLUTION: a bank in houston loans $40,000 to a business at 6% for 21 months how much simple interest will the bank earn?

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Question 743242: a bank in houston loans $40,000 to a business at 6% for 21 months
how much simple interest will the bank earn?
Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
I=Prt
I=40000*0.06*21/12
I=$4200