6. How Much Is The Simple Interest When The Principal Amount Is P10,000.00, R=6% And T= 2 Years?

6. How much is the simple interest when the principal amount is P10,000.00, r=6% and T= 2 years?

Answer:

The simple interest is $\sf1200$

Step-by-step explanation:

$\sf \: Principal \: (P) \: 10,000.00 \times Rate \: of \: Interest(RI) \: 6\% \times Time \: (T) \: 2 years$

$\sf \: S= 10,000.00 × 6\% \times 2 \: year$

$\sf \: S= 10,000.00 × 0.06 \times 2 \: years$

$\boxed{\sf \: S= 1,200}$

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