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

factors of production
This senior year was not what I expected . Essay
Why does cotton production become the greatest economic boom in the History of the U.S. with the invention of the cotton gin?
please answer fast this answer with image​
What did nelson meant about the telling of the black panthers rise and fall when he said, "the film is warts and all"?
find the surface area of the triangular prism
Write the equation of the trigonometric graph.
Which function is a quadratic function? u(x) = –x 3x2 – 8 v(x) = 2x2 8x3 9x y(x) = x2 3x5 4 z(x) = 7x2 2x3 – 3.
Single post math redo question
What is the speed of the car that travels 2955 km in 13 hours? ROUND TO THE NEAREST WHOLE NUMBER