3 years ago

If the simple interest on $6,000 for 9 years is $3,240 , then what is the interest rate?

Mathematics

1 answer:

sergey [27]3 years ago

6 0

Answer:

Step-by-step explanation:

principal =6000$

time=9years

simple interest=3,240$

now,

Rate=SI ×100/P×T

=3240×100/6000×9

=324000/54000

=6%

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