3 years ago

If the simple interest on $4,000 for 4 years is $960, then what is the interest rate?

Mathematics

1 answer:

FrozenT [24]3 years ago

8 0

Answer:

6% Or 0.06

Step-by-step explanation:

I=PRT

960=4000*R*4

960=16000*R

(960/16000)

0.06=R

(0.06*100) to find the “percent”

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