SOLUTION: Use simple interest to find the ending balance, given the following values for principal, rate, and time. $14,000 at 15.2% for 6 years

Algebra ->  Finance -> SOLUTION: Use simple interest to find the ending balance, given the following values for principal, rate, and time. $14,000 at 15.2% for 6 years      Log On


   



Question 979249: Use simple interest to find the ending balance, given the following values for principal, rate, and time.
$14,000 at 15.2% for 6 years

Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
I=Prt
I=14000*0.152*6
I=12768
14000+12768=26,768