If the simple interest on $6,000 for 9 years is $3,240 , then what is the interest rate?
1 answer:
You might be interested in
<em><u>The equation to find the length r of the red ribbon is:</u></em>
<em><u>Solution:</u></em>
Let "b" be the length of blue ribbon
Let "r" be the length of red ribbon
To find: equation for length r of the red ribbon.
The length of the blue ribbon is two - thirds the length of the red ribbon
Which means,
Therefore,
Thus the equation to find the length r of the red ribbon is found