# drbob222

posted by .

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 :)

## Similar Questions

1. ### math

the total amount of interest on this loan of \$6000 for 150 days is \$210.50. what is the rate of interest on this loan?
2. ### math,algebra

Is this correct Business and finance. The simples interest I on a principle of P dollars at interest rate r for time t, in years, is given by I= Prt. Find the simple interest on a principal of \$6000 at 3% for 2 years. Simple Interest …
3. ### math/algebra

please check my answers Suppose that the temperature outside is dropping at a constant rate. At noon, the temperature is 70 F and it drops to 58 F at 5 p.m. How much did the temperature change each hour?
4. ### Math

The amount of an investment of P dollars for t years at simple interest rate r is given by A= P+Prt a) Rewrite this formula by factoring out the greatest common factor on the right-hand side. b) Find A if \$8300 is invested for 3 years …
5. ### Math - Pre Algebra

Simple and Compound Interest Find the simple interest. principal= \$870 interest rate= 6% time= 9 months Please help me I need the answer for tommorow.
6. ### math

Amount of an investment. The amount of an investment of P dollars for t years at simple interest rate r is given by A  P  Prt. a) Rewrite this formula by factoring out the greatest common factor on the right-hand side. b) Find A …
7. ### Math

Find the finance charge (interest) due on a 9-month loan of \$2,400 at a simple interest rate of 10%.(Use the formula for simple interest: Interest Earned = Principal×Rate×Time) (a)\$ 18.00 (b)\$ 1,800 (c)\$ 180 (d)\$ 1.80 (e)\$ 18 I put …
8. ### math

abbi invested 1,500 dollars in a certificate of deposit with a simple interest rate of 4 percent. find the interest earned in 6 years. then find the total of principal plus interest
9. ### Simple interest

Find the simple interest earned to the nearest cent for each principal interest rate, and time \$500,4%, 2 years
10. ### Math

For a given interest rate, simple interest varies jointly as the principal and time. If \$3000 left in an account for 6 years earned interest of \$1260, then how much interest would be earned in 7 years?

More Similar Questions