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

Translate the sentence into an inequality. The sum of 7 and b is less than -28 .
Find beta in degrees.
He was a leader of the Continental Congress, a governor of Massachusetts, an Anti-federalist, and the person with the largest signature on the Declaration of In
The following sentence communicates a(n) __________ tone. "This movement is nourished by the contemporary frustration over the continued existence of racial dis
Two buses left town A for town B at the same time. The speed of one of the buses was 10 mph greater than the speed of the other bus. In 3 1/2 hours one bus rea
what is the answer to the question 5=6+u
Who was Justinian and Theodora
Which data set was used to create this graph?
How do I solve this problem?
a 12 foot board is split into 5 equal pieces. Which expression shows the length of each piece