Question

If a man save 6000 at annual interest rate of 10%. what is his interest after 3 years?​

Answer 1

the answer is 1,800

Explanation

I = Prt

I ( interest ) = ?

P ( present value ) = 6000

r ( annual interest rate (as a decimal) ) = .1

t ( time( in years ) = 3

I = 6000 x .1 x 3

I = 1800