3 years ago

Find the rate. principal $6000 time 12% interest: $120

2 answers:

6 0

The formula to find simple interest is I=prt. Interest= Principle * rate* time in years. Let's substitute the known values:

120= (6000)r(12) ...... I am assuming the time is 12 years
simplified: 120= 7200r
So then you have to divided both sides by 7200 to isolate r.... and you get about 17 percent.

Mariana [72]3 years ago

3 0

You'll use the formula of I=PRT
and the question is wrong

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