Register

If your principal amount is $720 and you earn simple interest at a rate of 6% over 5 years. How much interest did you earn?

If your principal amount is $720 and you earn simple interest at a rate of 6% over 5 years. How much interest did you earn?
180k views
2 votes
If your principal amount is $720 and you earn simple interest at a rate of 6% over 5 years. How much interest did you earn?

User Ncopiy
by
8.6k points

1 Answer

4 votes

Answer:

$216

Explanation:

6% = 43.2 dollars yearly

User Dbenhur
by
7.6k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
Link Copied!