Question

Find the simple interest.



principal = $4500; rate = 6%; time = 3 years



A.
$270


B.
$810


C.
$540


D.
$5310

Answer 1

What

Answer 2

Just multiply the three numbers you were given, but instead of 6% make it 0.06 when you multiply (since it is a percent, it is 6/100).

Answer 3

I=PRT. basically, I=4500(.06)(3). Multiply .06 with 3 to get .18, than multiple 0.18 to 4500 to get your interest
I=4500(0.18), which equals, 810. So your interest (I) would be $810.00

Answer 4

Thanks!

Answer 5

Welcome, hope that was simple to understand :)