Posted by **Jasmine20** on Monday, December 11, 2006 at 7:40pm.

Is this correct

Business and finance. The simples interest I on a principle of P dollars at interest rate r for time t, in years, is given by I= Prt. Find the simple interest on a principal of $6000 at 3% for 2 years.

Simple Interest = Principle x Rate x Time (in years)

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