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

I'm having a bit of trouble with this question, all it says is '2k = 26'
How are the reproductive cycles of a fungus and a pterifophyte similar
Why did the sculpture of Ashurbanipal ll hunting Lions place the lion below the king? A. The placement informed viewers that the lion could never harm the king.
A 13 kg rock is sitting on a cliff. If the rock has 3,500 joules of potential energy, what is the height of the cliff in meters?(Round the answer to the nearest
I need the answers please
Which is true of saudi arabia’s government? A it is an absolute monarchy. B it allows citizens to vote for some municipal positions. C its rules are based on a
Very few kinds were great as David. Transform Into comparative and superlative. Thank you
Which expression is equivalent to logc^x^2-1/5x?
Analyze the following pattern: 1, 2, 5, 10, 17, ... Part I: Describe the pattern. (1 point) Part II: What is the 8th term of the pattern? Show your work. (1 poi
Leonard wood and Theodore Roosevelt commanded a volunteer cavalry unit known as