12-01-2017
Mathematics

contestada

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 of 37 over 5 y yearssimple interest iprt class=

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dexteright02 dexteright02

12-01-2017

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

[tex]I = P*r*t[/tex]
[tex]I = 6000,00*0,037*5[/tex]
[tex]\boxed{I = 1110,00}[/tex]

Answer (C)
simple interest = $1110,00

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