staanderson40
staanderson40 staanderson40
  • 19-04-2021
  • Mathematics
contestada

If the simple interest on a principal amount of $6000 for 7 years is $2,520, then what is the interest rate as a percent?

Respuesta :

zacharyfrost70
zacharyfrost70 zacharyfrost70
  • 19-04-2021

Answer:

6%

Step-by-step explanation:

first multiply $6000 by 7 years then divide 2520 by 42000 to get 0.06

Answer Link
haltonmaria947 haltonmaria947
  • 20-04-2021
6% because interest= principal amount x rate x time / 100

So 2520=6000xRx7 / 100 = 6%
Answer Link

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