Find the simple interest.

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

A.
$270

B.
$810

C.
$540

D.
$5310

Question

Find the simple interest. 

 

principal = $4500; rate = 6%; time = 3 years
	
	
 
A.
	$270
	
 
B.
	$810
	
 
C.
	$540
	
 
D.
	$5310

openstudier · Answer

|dw:1450479114137:dw|

anonymous · Answer

What

openstudier · Answer

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).

1479186325 · Answer

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

anonymous · Answer

Thanks!

1479186325 · Answer

Welcome, hope that was simple to understand :)