Ask Question
10 March, 17:05

If $6000 is invested at 7% simple interest for 4 months, how much interest is earned?

+2
Answers (1)
  1. 10 March, 17:35
    0
    You can use the simple interest formula.

    S = Prt

    S = Simple Interest

    P = Principle = 6000

    r = rate = 7% =.07

    t = time = 4

    S = 6000 *.07 * 4

    S = $1680
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “If $6000 is invested at 7% simple interest for 4 months, how much interest is earned? ...” 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