ssolis26
ssolis26 ssolis26
  • 02-10-2020
  • Mathematics
contestada

If the simple interest on ​3000 for 2 years is ​$360​, then what is the interest​ rate?

Respuesta :

zack28030
zack28030 zack28030
  • 02-10-2020
The interest rate is 6% 360/300 = .12 for 2 years get rid of half of that .06
Answer Link
DemonicBrain
DemonicBrain DemonicBrain
  • 02-10-2020
If its $360 in 2 yrs, then it would be $180 in 1 yr, which $180 is 6% of $3000
Answer Link

Otras preguntas

are there non-invasive procedures that are considered treatment instead of only diagnostic in nature
"Find the value of x. Round to the nearest tenth. Refer to the attachment below. "
Is the mean hemoglobin level of high-altitude workers different from 16 g/cm3
1. What is the conversion of 350 milliliters to liters? 2. what is 3 liters converted into milliliters? 3. What is 9 liters converted into milliliters?
The two cones are similar. Find the volume of the larger cone. Round your answer to the nearest hundredth. (picture below)
which of the following most accurately describes the extent of Alexander the Great's Empire
The ________________ are located at the crossroads of Europe and Asia.
On an algebra test, there are 7 students with As, 9 students with Bs, 11 students with Cs, 3 students with Ds, and 2 students with Fs. Find the probability that
Predict the major neutral organic product of the following reaction. Include hydrogen atoms in your structure.
baron de montesquieu’s the spirit of the laws changed the nature of government by providing the ideas of __________. (select all that apply.)