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Find the simple interest paid one $600 is borrowed for three years at 6% per

Find the simple interest paid one $600 is borrowed for three years at 6% per-example-1
User JaTo
by
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1 Answer

3 votes

Answer:

Principal amount= $600

Time= 3 years

Rate of Interest = 6%

SI= PRT/100

= 600x6x3/100

= $108

Interest is $108

Explanation:

User Nathan Hartley
by
7.0k points
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