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I deposited #300.00 in a bank for four years. If it earned simple interest at the rate of 6% per annum, how much interest did I get for the four years?
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I deposited #300.00 in a bank for

four years. If it earned simple
interest at the rate of 6% per annum,
how much interest did I get for the
four years?

User Noontz
by
8.3k points

1 Answer

3 votes

Answer:

Simple interest= PRT/100

parameters

price =300

Rate=6%

Time=4years

300*6*4/100

7200/100

=72

User Pkaeding
by
8.5k points
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