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

please help me!! i need help. i also need to show work, or just please explain the process to me so that i can do it on my own! i need the correct steps to do :
PLEASSSEEE HELP ME WITH THE PAGE BELOW
What is the common monomial factor of the expression 3x²+6x?
Can someone help me with this question
15. The description of the lawmaking process in paragraphs 5-8 highlights the - O A many steps involved in revising and approving a bill. O B problems with the
There are four typical measures of the central tendency of a frequency distribution. Which of the following is NOT a measure of central tendency? a. mean b. med
For a social studies project, Julie has to create a bar graph that will compare the populations of five different countries. Which should she remember to includ
Since Macey did not eat breakfast this morning, she has been hungry all day. What is the subordinate clause
what did the english create a system of when they first colonized north america​
Watch out for Elm street.It is a very slippery road.​