Ask Question
10 October, 06:02

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.

+3
Answers (1)
  1. 10 October, 06:30
    0
    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
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “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 ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers