How much simple interest is earned on $6000 principal, with an annual interest rate of 3.7% over 5 years?
simple interest: I = P • r • t
A. $7195.24
B. $1195.24
C. $1110.00
D. $7110.00
What is 5 years as a decimal?
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Home » Mathematics » How much simple interest is earned on $6000 principal, with an annual interest rate of 3.7% over 5 years? simple interest: I = P • r • t A. $7195.24 B. $1195.24 C. $1110.00 D. $7110.00 What is 5 years as a decimal?