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

what is the value of j?​
when you are adding 5+2 what do you get?
When a seed germinates, which part will grow out of the seed first?​
Two students make a model of a tree house they want to build. The scale is 1:44. In the scale model the tree house has two windows. How many windows should the
2. A _______ is an electronic device that can store and proceda help users complete tasks more quickly and accurately to ________
Which principle of CSR requires that a business state facts fully and accurately?
What is the root word of attribute ?
Please help with this
I was wondering what is 9/2 divided by 1/2
Shriver Corp. borrows $25,000 from a bank and signs a two-year promissory note. What accounts will be affected by this transaction and what is the effect?