Homework Help: drbob222

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 :)

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