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

19-04-2021

Answer:

6%

Step-by-step explanation:

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

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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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