pennyshan08 pennyshan08
  • 04-02-2021
  • Mathematics
contestada

If the simple interest on $3,000 for 10 years is $1,800, then what is the interest rate?

Respuesta :

ricdea0822 ricdea0822
  • 04-02-2021

Answer:

17

Step-by-step explanation:

First, converting R percent to r a decimal

r = R/100 = 17%/100 = 0.17 per year,

then, solving our equation

I = 1800 × 0.17 × 10 = 3060

I = $ 3,060.00

The simple interest accumulated

on a principal of $ 1,800.00

at a rate of 17% per year

for 10 years is $ 3,060.00.

Answer Link

Otras preguntas

A container has a cube shape. It has a volume of 216 cubic inches. What are the dimensions of one face of the container?
5. Barb exercises for 22 hours each week. How many hours does she exercise in 14 weeks? Use the array drawn on the grid to help multiply.
what is the value of 7⁰​
Maribel is taking advantage of the sale at Cassieś Cashew shoppe.she wants to figure out how much she will save on a purches of $34.Maribel´s percent ruler is s
Pls help do tmr, I'll give brainliest!!
Choose the correct -er verb ending for the phrase below: Yo beb__ A. -es B. -e C. -o
if 75 g of oxygen react how many grams of aluminum are required
Which of these statements are true? (Geometry- look at image)
Point A is in Quadrant II. A′ is the reflection of A over the x-axis. In which quadrant is A′?
The Andes Mountains are labeled with the number _____ on the map above. A. 1 B. 2 C. 3 D. 4