How much simple interest is earned on $6000 principal with an annual interest rate of 3.7% over 5 years

Question

How much simple interest is earned on  $6000 principal with an annual interest rate of 3.7% over 5 years

acxbox22 · Answer

simple interest = prinicpal amount x rate(as a decimal) x time(in years)
plug in the given numbers and solve

kropot72 · Answer

The interest rate as a decimal is 0.037. To find the simple interest in 1 year, multiply $6000 by 0.037. Then multiply the result by 5 to find the interest over 5 years.

anonymous · Answer

Still need help not working out its either 7195.24
1195.24
1110.00
7110.00

kropot72 · Answer

The amount of interest earned in 5 years is given by:
$$\large $6000\times0.037\times5=$(you\ can\ calculate)$$