Which of the following is the simple interest paid on a loan of $354 at 6% for six months

Question

asked Nov 15, 2018 81.6k views

1 Answer

Kevin Grosgojat · Answer 1 · 2018-11-20T22:33:49+0000

You deposit some money into a bank account paying 6% simple interest per 6 months. You received $354 in interest after 6 months. How much the deposit (principal) was?
Result
The principal was $5900.

Which of the following is the simple interest paid on a loan of $354 at 6% for six months

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

Please log in or register to add a comment.

Related questions

Categories

Other Questions