3 years ago

F the simple interest on $4000 for 6 years is $1440, then what is the interest rate?

1 answer:

Alborosie3 years ago

7 0

Answer:

Step-by-step explanation:

$rate=\frac{interest \times 100}{principle \times time } \\=\frac{1440 \times 100}{4000 \times 6 } \\=6 \%$

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F the simple interest on ​$4000 for 6 years is ​$1440​, then what is the interest​ rate?