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14 September, 03:01

P = $730, r = 6%, t = 7 What is i? $30.66 $306.60 $3,066.00 $30,660.00

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  1. 14 September, 06:44
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    Answer: Choice B) $306.60

    Work Shown:

    i = P*r*t ... simple interest formula

    i = 730*0.06*7 ... plug in given values

    i = 306.60

    note how I used r = 0.06, which is the decimal form of 6%
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