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 a principal
of $6000 at 3% for 2 years. (Hint: 3% 0.03)
2007-01-04 05:08:45 · 5 answers · asked by ruben c 1 in Science & Mathematics ➔ Mathematics
I = PRT
6000 x 0.03 x 2 =
180 x 2 =
360
The interest on the principal is $ 360
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2007-01-04 05:27:17 · answer #1 · answered by SAMUEL D 7 · 0⤊ 0⤋
I=PRT=$6000*0.03*2=$360
2007-01-04 13:18:31 · answer #2 · answered by yupchagee 7 · 0⤊ 0⤋
I=6000*(3/100)*2
I=360
2007-01-04 13:24:36 · answer #3 · answered by iyiogrenci 6 · 0⤊ 0⤋
6000 x ,03 x 2 = 360 dollars
2007-01-04 15:51:50 · answer #4 · answered by David C 2 · 0⤊ 0⤋
I = 6000(.03)(2)
put it in the calculator and get the answer.
2007-01-04 13:17:55 · answer #5 · answered by Ray 5 · 0⤊ 0⤋