3 years ago

What is the interest rate if the amount borrowed is $11,000 for 6 years and the interest paid is $1800?

1 answer:

4 0

The formula for simple interest is ...
I = Prt
1800 = 11000*r*6
1800/66000 = r = 0.02727... (repeating 27)

The simple interest rate is approximately 2.73%.

You might be interested in

What is seen in the middle of March and April that can’t be seen at the beginning or end of either month?

Troyanec [42]

Answer:

That I have no idea what it is. sorry

Step-by-step explanation:

7 0

3 years ago

Read 2 more answers

Maya is M years old which expression shows how old she will be in four years from now

FrozenT [24]

Your answer would be x=m×4

6 0

4 years ago

Read 2 more answers

What descibes the cross section of a cube that passes through a b c and d

Ulleksa [173]

Answer:A rectangle that is not a square

Step-by-step explanation:

8 0

3 years ago

Ashton is saving money to buy a new bike. He has saved $48 which is only 60% of what he needs to save. What is the total cost of

DiKsa [7]

Answer:

Step-by-step explanation:

48/60 = x/100

48 x 100= 4,800

4,800 divided by 60=80

x= $80.00

3 0

3 years ago

How do you get 25 for the order of operations

mojhsa [17]

PEMDAS Solve the parentheses first so 9+4=13. Then do the division so 6/6=1. Now the equation is 37- 13+ 1. Then work left to right. 37-13= 24 then 24+1=25.

5 0

3 years ago