Find the simple interest on a $500.00 investment made for 3 years at an interest rate of 6% per year.

asked Feb 4, 2021 158k views

2 votes

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1 vote

Answer:

SI=P ×R × T

Explanation:

P=$500

R=6%

T=3 years

SI=500×3×6 ÷100

=$90

Kalanka answered Feb 8, 2021

8.3k points

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