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Use the simple interest formula i= prt. What is the value of i, if p=$6000, r=5%, and t= 3 years

Use the simple interest formula i= prt. What is the value of i, if p=$6000, r=5%, and t= 3 years
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1 vote
Use the simple interest formula i= prt. What is the value of i, if p=$6000, r=5%, and t= 3 years

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User Yoann Chambonnet
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7.9k points

1 Answer

1 vote

Answer: $6,945.75

6000(1+.05)^3

answered
User Cnvzmxcvmcx
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