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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
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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-example-1
User Freddy Rangel
by
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1 Answer

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


I = P*r*t

I = 6000,00*0,037*5

\boxed{I = 1110,00}

Answer (C)
simple interest = $1110,00
User Manoj Goel
by
6.4k points
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