huertajoellee huertajoellee

03-11-2019
Mathematics

contestada

If the simple interest on $6,000 for 2 years is $840, then what is the interest rate?

Respuesta :

hiiguys hiiguys

03-11-2019

Answer:

7 %

Step-by-step explanation:

i do not know if you use this but I use S.I=P×R/100×T
S.I=840
P for principal(the money you borrow or lend) =6000
T for time=2 years.
R for rate=???
In order to find out the rate, you need to substitute all these numbers into their respective places.
840=6000×r/100×2
6000/100=60
840=60×r×2
840=120r
r=7%

Answer Link

Otras preguntas

What is the equation of the line that passes through the point (5,0) and has a slope of 1

Did I do this problem correctly??

when did world war three end

Find the distance between-10,-13 and 20,-13

What were the main causes of the french and Indian war?The conversation afterward is also wanted.

Y=5/2x-19 and 5x+2y=-8 a perpendicular,parallel or intersecting lines?

Construct a polynomial function with the following properties: fifth degree, −4 is a zero of multiplicity 4, 2 is the only other zero.

Which of the following is a reasonable conclusion based on the map? States in the Northeast lost more representatives due to population decline than the Wester

Members of the debate team are traveling to a tournament, where they will stay in a hotel for 4 nights. The total cost for each member must be within $20 and $2

After reading the TAY chapter on religion and reform, what seem to be the major obstacles to achieving that long sought “perfection” during this time period?