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Calculate the amount of simple interest earned. $6,000 at 12% for 7 years The interest is $
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1 vote
Calculate the amount of simple interest earned. $6,000 at 12% for 7 years The interest is $

User Nurudeen
by
7.9k points

1 Answer

4 votes

Answer:

$5040

Explanation:

Apply the formula

SI = (Principal)(Rate)(Time)

= 6000×0.12×7

= $5,040

User SpacedMonkey
by
7.6k points
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