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

By the time we reach adulthood, we have formed a core group of food that contains _______ basic items, which account for 75 percent of our food preferences and
Which expression represents the area of triangle ABC in square meters?
How many 7-digit phone numbers are possible, assuming that the first digit can’t be a 0 or a 1? (b) re-solve (a), except now assume also that the phone number i
Line GJ is tangent to point A at point G. What is m∠AGJ?
How does a scientific explanation differ from a nonscientific explanation?
Which of these are equal to 6.02 x 1023 particles? 12.01 g carbon (C) 44.08 g of silicon dioxide (SiO2) 16 g of ozone (O3) 16.04 g of carbon tetrahydride (CH4)
Tables of values for f(x) and g(x) are given below. Write g(x) as a transformation of f(x).
Give an example of a polynomial where the ends are both facing downwards.
A business has $11,080 to spend on new laptops and tablet computers for its salespeople. The laptops cost $515 each. The tablets cost $285 each. The business wa
As long as you set aside time everyday to study, it doesn’t matter when you get it done. (True or False)