Question

Please help I will MEDAL AND FAN

Answer 1

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

simple interest: I = P • r • t

A.
$7195.24

B.
$1195.24

C.
$1110.00

D.
$7110.00

Answer 2

okay so where do you think we start?

Answer 3

idk that's why I need help I do know the formula though

Answer 4

do you have a textbook handy?

Answer 5

F = p*i*n

p = present value
i = interest
n = # of years

Answer 6

You have p, i, and n just plug and chug

Answer 7

ok thank you

Answer 8

yep =)