p=$17,600,t=6 years and r =6.5% find intrest
7 answers
Is this simple interest or compound interest?
simple intrest
I = prt
I = 17600 * 6 * 0.065
I = ?
I = 17600 * 6 * 0.065
I = ?
P= $17,600, T= 6 YEARS AND R= 6.5% FIND SIMPLE INTREST
Multiply the principle times the time times the rate.
$17,600 X6.5%=1144 X 6 YEARS= 6864
You forgot to convert the percent to a decimal.
6.5% = 0.065
6.5% = 0.065