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 does the U.S. Constitution reflect the principle of democracy? It creates a republic government, which is the same as democracy. Most of the people can elec
Any potentially harmful substance that humans add to an ecosystem A) is called pollution. B) might cause acid rain. C) is always a carcinogen. Eliminate D) h
A normal appearing couple is found to be heterozygous recessive for albinism. Both have the genotype Aa. The gene responsible for albinism is recessive to the n
Glycolysis is a body process which involves: a.the passage of water through a semipermeable membrane b.the division of the nucleus of a body cell c.the maintena
what two factors determine the thermal energy in a substance
Solve the equation x+5+x+x+ x+x+x+5= xx6xx( this is only addition not multiplication) Use 0-9 only once figure out the x
What is the interest earned at $700 at 8% for 6 years
what type of seismic wave shakes particles at right angles to their direction of travel?
How do you find the answer to 6*3pi but in pi form?
I will be so Thankful! Choose the sentence that uses correct capitalization. Tangela attends Hunter Junior High School and plays on the Basketball Team. Tangela