Nate invested $6000 for 3 years at an interest rate of 4%.

What was the total interest Nate earned?

Question

Nate invested $6000 for 3 years at an interest rate of 4%.
 
What was the total interest Nate earned?

anonymous · Answer

PLEASE ANSWER BEFORE END OF THE DAY! IT'S SIMPLE INTEREST! WILL FAN AND MEDAL!

love_ranaa · Answer

$720.00

love_ranaa · Answer

Since I= P x R x T
I= Interest
P= principal amount
R= Rate of Interest
T= Time 

To find the simple interest, we multiply 6000 × 0.04 × 3 to get 720 :)

igreen · Answer

I = prt

use the formula

I = (6000)(0.04)(3)

Multiply 6000 * 0.04 * 3 @Musicalmel13

igreen · Answer

@Love_Ranaa Please do not give answers, it's against OpenStudy's Code-of-Conduct. We are here to guide the asker to the answer, so we need his/her participation. http://openstudy.com/code-of-conduct

anonymous · Answer

Thank you @igreen and @love_ranaa I think I have it from here!