Question

Find the simple interest $3600 at 2.75% for 6 years

Answer 1

Answer: $594

Step-by-step explanation: the formula is PxRxT/100

P stands for Principal= $3600. R stands for Rate= 2.75%. T stands for Time= 6 years. We substitute the value in the formular. We have 3600x2.75x6/100=594