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17-05-2017
Mathematics

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The formula for finding simple interest is I = Prt, where I is the interest, P is the principal, R is the rate of interest, and T is the time in years that the principal has been on deposit. Evaluate I = Prt when P = +3,000, r = 0.06, and t = 2 years.

Respuesta :

17-05-2017

You have the formula, all you need to do is input all the variables given to you in the formula.

I=Prt
=> I=3000*0.06*2
=> I=360

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