math
posted by Dee on .
help find the simple interest rate. Find the simple interst owed for the use of the money. Assume 360 days in a year. p=$4000, r=6%, t= 1year

interest=principle*i^time
interest=4000*i*1
interest=4000*.06=240 dollars
posted by Dee on .
help find the simple interest rate. Find the simple interst owed for the use of the money. Assume 360 days in a year. p=$4000, r=6%, t= 1year
interest=principle*i^time
interest=4000*i*1
interest=4000*.06=240 dollars