Tuesday

October 21, 2014

October 21, 2014

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

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 - a formula for calculating simple interest is I = Pr, were I is the ...

math - the total amount of interest on this loan of $6000 for 150 days is $210....

Math - Find the finance charge (interest) due on a 9-month loan of $2,400 at a ...

math - if a loan is given for 2,500 for 1 year and the interest charged is 275 ...

Math - Pre Algebra - Simple and Compound Interest Find the simple interest. ...

math - abbi invested 1,500 dollars in a certificate of deposit with a simple ...

SS - Rohan has 100 dollars that he wants to save in a bank. Bank A offers two ...

Social Studies - I was wondering if I could check my answers with someone. I'm a...

Math-- Desperate for help! - Find the amount in an account if $2000 is invested ...