anniemfhq
anniemfhq anniemfhq
  • 04-02-2021
  • Mathematics
contestada

If the simple interest on $6,000 for 9 years is $4,320, then what is the interest rate?
The rate is ?

Respuesta :

MESSUTUDIENICE MESSUTUDIENICE
  • 05-02-2021

Answer:

6.48%

Step-by-step explanation:

the rule of the simple interest is:

I=PRT

but here we want the rate, and we have I and P and T

so put the rate on 1 side, and all the given numbers in other side

the rule will be like this:

R=I/PT

R=4320/6000×9

R=6.48%

Answer Link

Otras preguntas

What is the best estimate of the area of the figure at right? Question 13 options: 28 square units 41 square units 54 square units 47 square units
What is the definition of profit?
This table shows the value of a function f(x) What is the average rate of change of f(x) from -1 to 1?
PLEASE DONT DELETE IM STUGGLING. 100 POINTS WILL BE GIVEN TO BEST ANSWER (DONT ANSWER IF YOU ARN'T SURE OR DO NOT KNOW THE ANSWER) Think of an organization (bu
Based on the law of conversation of energy, which statement is false? A.) Energy is lost when machines don’t work right. B.) We can’t add more energy to the u
Find the lateral area the regular pyramid. (50 points) L. A. = having trouble with these PLEASE HELP :)
Grant attempted to solve an equation but made an error. What is his error, and which step did he make it in?
Please help me :)!!!!!!!!!!!!!
Verify if (5/3,-2/3) is a solution to the system of equations y=1/2x-3/2 and y=-x+1
How to do it because I do not understand it