Posted by **chelsea** on Monday, January 28, 2013 at 7:51pm.

a person invested 1,200.00 at 7% interest for 6 years. how much interest did he receive?

- math -
**Ms. Sue**, Monday, January 28, 2013 at 8:08pm
Interest = principle * rate * time

I = 1,200 * 0.07 * 6

I = ?

Note that this is simple interest.

- math -
**Reiny**, Monday, January 28, 2013 at 8:36pm
at compound interest it would be

1200(1.07)^6 = .....

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