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OpenStudy (anonymous):
How much simple interest will be due on a loan of $6000 at a 3.5% annual interest rate for one year? A. $210 B. $350 C. $2100 D. $6210
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jabez177 (jabez177):
Simple Interest Formulas and Calculations: Use this simple interest calculator to find A, the Final Investment Value, using the simple interest formula: A = P(1 + rt) where P is the Principal amount of money to be invested at an Interest Rate R% per period for t Number of Time Periods. Simple Interest Calculator A = P(1 + rt) - Calculator Soup www.calculatorsoup.com/.../simple-interest-plus-principal-c...Calculator Soup
OpenStudy (darthvader2900):
I am not sure. It MIGHT be D.
OpenStudy (anonymous):
Thank you both!
jabez177 (jabez177):
You're welcome! :D
OpenStudy (darthvader2900):
You're welcome.
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