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April 17, 2014

Homework Help: Math

Posted by Adam on Thursday, September 15, 2011 at 1:53pm.

Find the interest if $ 9,000 is invested at an annual simple interest rate of 8 % for 3 years. Use the formula I = P R T , where I is the interest earnings, P is the principal, R is the annual rate and T is the time, expressed in years.
(a) $ 216,000 (b) $ 4,216.00 (c) $ 2,160 (d) $ 21.60 (e) $ 196.00

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