Seudónimo Seudónimo
  • 04-01-2021
  • Mathematics
contestada

If the simple interest on $7,000 for 9 years is 3,780, then what is the interest rate?

Respuesta :

architasaha2015 architasaha2015
  • 05-01-2021

Answer:

6%

Step-by-step explanation:

Interest = Principal × Rate × Time/100

$3780 = $7000(9)(rate)/100

63000rate = 378000

rate= 378000/63000

rate = 6% per annum (Answer)

Answer Link

Otras preguntas

How to write 65 trillion
1) how will the total distance traveled by a car in 2 hours be affected if the average speed is doubled? 2)A spider is crawling on the wall. First it crawls 1 m
When this 3-digit number is rounded to the nearest ten or hundred, the numbers round up.  All of the digits in this number are the same.  The sum of the digits
Find the slope and y intercept 4x-5y=5
simplify the expression w+14w-6w & 3a²+6a+2b²
How can archaeologists continue to study ancient remains without infringing on the rights of Native Americans?
Find the slope and y intercept 4x-5y=5
When this 3-digit number is rounded to the nearest ten or hundred, the numbers round up.  All of the digits in this number are the same.  The sum of the digits
What is the sum of 24 and 40 as the product of their greatest common factor and another sum
if RG=7x+3, GQ=3x+13, and RQ=56, then find the value for x, RQ, and GQ.