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Len [333]
2 years ago
9

If the simple interest on ​$7000 for 10 years is ​$6300​, then what is the interest​ rate?

Mathematics
1 answer:
emmasim [6.3K]2 years ago
5 0
It’s 10 percent

hope this helps!
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See below for the proof of the equation \frac{ax + by}{x + y} - \frac{ax - by}{x - y}= 2(a - b)

<h3>How to prove the equation?</h3>

The equation is given as:

\frac{ax + by}{x + y} - \frac{ax - by}{x - y}= 2(a - b)

Take the LCM

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Read more about equations at:

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