Rate of interest is 6 %
<em><u>Solution:</u></em>
Given in question that,
simple interest = $ 3240
number of years = 9 years
principal sum = $ 6000
To find: interest rate
<em><u>The simple interest is given as:</u></em>
Where, "p" is the principal
"r" is the rate of interest
"n" is the number of years
<em><u>Substituting the values in above formula,</u></em>
Thus rate of interest is 6 %
Answer:
See Explanation
Step-by-step explanation:
Given
Solving (a): What does h represents
From the instruction in the question, we understand Cycle city charges an additional 0.75 per hour.
This implies that h represents the additional hour of rentals
Solving (b): What does 15 represents
From the instruction in the question, we understand Cycle city charges an a base charge of $15
This implies that 15 represents the base charge
Solving (c): 0.75h
Referring back to (a) where h represents the additional hour of rentals
0.75h represents the total charges for the additional hour