mjglennon101 mjglennon101

26-01-2021
Mathematics

contestada

If the simple If the simple interest on $6000 for 9 years is $2700 and what is the interest rate.

Respuesta :

logan200749 logan200749

26-01-2021

Answer: 600

Step-by-step explanation:

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drmallery drmallery

06-06-2021

Answer:

5%

Step-by-step explanation:

2700 interest/9 years = 300 interest per year

principal x interest rate = interest per year

6000 x interest rate=300

interest rate=300/6000

interest rate = .05 or 5%

Answer Link

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