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

perimeter of square​
Mercantilism is the economic idea that In order for a country to prosper, its exports must exceed its imports. O In order for a country to prosper, its imports
Solve for a: 18 = a. 3²
Lynn is planning an event for which the total cost cannot exceed $400. Lynn plans to spend $180 on food and to hire a clown at the rate of $35 per hour. Which i
MARTÍN: ¡Hola, Berta! ¿Cómo ______ ?
What is the volume, in cubic in, of a cylinder with a height of 8in and base radius of 2in
SLOPE QUESTION MIDDLE SCHOOL
Simplify 1.) [tex]\frac{r^5}{r^2}[/tex] 2.) [tex]\frac{3t^5}{6t^{10} }[/tex] 3.) [tex]\frac{18a^5b^2}{6a^3b^8}[/tex]
In ΔEFG, g = 1.6 cm, e = 8 cm and ∠F=46°. Find ∠E, to the nearest 10th of a degree.
correct the capitalization. Some goals the Lewis and Clark expedition were exploration and Scientific Research.