If the simple interest on $3000 for 8 years is $1680, then what is the interest rate?
1 answer:
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<h3>Answer: 78.6</h3>
Work Shown:
Multiply across the rows to form a third column. Example: 9*90 = 810 in the first row.
The values in the third column add to 810+1440+1050 = 3300
Divide this over the total number of people which is 9+18+15 = 42
The mean is 3300/42 =78.571 approximately which rounds to 78.6