yami42001owars6 yami42001owars6
  • 01-03-2019
  • Mathematics
contestada

if the simple interest on $6,000 for 4 years is $1,920, then what is the interest rate?

Respuesta :

galaxyomg661p0edpt galaxyomg661p0edpt
  • 01-03-2019

Answer:

8 percent

Step-by-step explanation:

Since the formula for interest rate is the original money, the amount of years, and the inetrest rate multiplied together, we could plug it into an equation. 6000 times 4 times the ineterest rate is equal to 1920. 6000 times 4 is 24000. 1920 divided by 24000 is equal to 0.08 or 8 percent.

Answer Link

Otras preguntas

What is the electron configuration for fluorine?
write a formal letter give in the image​
Discussion Topic Describe your favorite literary work from any language and explain why it's your favorite. Give a few details about the writer and the genre of
Information transfer on students of success​
EX1: Fill in the missing prepositions: 71. Out .... sight , out ,,,, mind 72. The sun rises .... the east , and sets ..... the west 73. Were your friends succe
What is 164.362 rounded to 4, 3 and 1 significant figures​
in a box of 80 glasses,3 are broken.workout percentage of broken glasses​
Triangles and angles Pls help
College students’ are to be offered year-long work experience
In this 3x3 square, you can use only numbers from 1-9, to make all the rows and columns equal to 15. Good luck to the person solving this and just know that I a