Posted by **jasmine20** on Tuesday, December 12, 2006 at 10:39pm.

Can you check this one for me i want to make sure.

The simple interest I on a principal of P dollars at Interest rate r for time t, in years, is given by I=PrT.Find the simple interest on aprincipal of $6000 at 3% for 2years.

I got the following:

I= 6000 x 0.03 x 2

I= 360.00

Correct

Thank you :)

## Answer this Question

## Related Questions

- math,algebra - Is this correct Business and finance. The simples interest I on a...
- Math - For a given interest rate, simple interest varies jointly as the ...
- math - the total amount of interest on this loan of $6000 for 150 days is $210....
- Simple interest - Find the simple interest earned to the nearest cent for each ...
- math - if a loan is given for 2,500 for 1 year and the interest charged is 275 ...
- math - a formula for calculating simple interest is I = Pr, were I is the ...
- math - abbi invested 1,500 dollars in a certificate of deposit with a simple ...
- Math-- Desperate for help! - Find the amount in an account if $2000 is invested ...
- Math. - For question 1-4 for the interest. All rates are annual interest rates. ...
- Math - Find the finance charge (interest) due on a 9-month loan of $2,400 at a ...

More Related Questions