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rji rji
  • 11-01-2017
  • Mathematics
Answered

how much simple interest is earned on $6000 principal , with an annual interest rate of 3.7% over 5 y years?

simple interest: i=p.r.t

how much simple interest is earned on 6000 principal , with an annual interest rate of 3.7 over 5 y years? simple interest: i=p.r.t class=

Verified Answer :

dexteright02
dexteright02 dexteright02
  • 11-01-2017

Data:
I = ?
P = $6000
rate = 3.7% = 0.037
t = 5

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Answer (C)
simple interest = $1110,00

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