Carol H. answered • 05/15/18

Masters' Degree in Mathematics with 35 years of Teaching Experience

**You know the interest rate, which is 5.5. Your question should be how much interest will be earned?**

**i = prt**

**i = 12000(.055)6**

i = $3960

i = $3960

Chy H.

asked • 05/15/18what is the interest rate given on a simple loan of 12000 given: Principal 1200, Interest rate 5.5, Time 6 years

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Carol H. answered • 05/15/18

Masters' Degree in Mathematics with 35 years of Teaching Experience

i = $3960

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