ssolis26
ssolis26 ssolis26
  • 02-10-2020
  • Mathematics
contestada

If the simple interest on ​3000 for 2 years is ​$360​, then what is the interest​ rate?

Respuesta :

zack28030
zack28030 zack28030
  • 02-10-2020
The interest rate is 6% 360/300 = .12 for 2 years get rid of half of that .06
Answer Link
DemonicBrain
DemonicBrain DemonicBrain
  • 02-10-2020
If its $360 in 2 yrs, then it would be $180 in 1 yr, which $180 is 6% of $3000
Answer Link

Otras preguntas

true or false the highest point of the appalachian mountains is located at mt mitchell in massachusetts
when solving a real-world problem to find a persons age , would a negative solution make sense ?
49 increased by twice a number n
when is the product of two integers less than or equal to both of the two factors
Dave has $15 to spend on an $8 dollar book and two birthday cards (c) for his friends. How much can he spend on each card if he buys the same card for each frie
When did Vasco DA Gama die
A way of showing the round earth on a flat map
centerville has a population of 9000. north fork has 18/25 population of centerville. what is the population of north fork?
Write 8,000,000 plus 300 plus 9 in standard form
How d you write 0.32 as a mixed number in simplest for