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statuscvo [17]
2 years ago
15

If the simple interest on $4,000 for 7 years is $1,400, then what is the interest rate?

Mathematics
1 answer:
alisha [4.7K]2 years ago
7 0

$1400 = $4000 × 7 × r / 100

$1400 = 28000 × r / 100

$ 1400 = $ 280 × r

rate = $1400 ÷ $ 280

rate = 5

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Step-by-step explanation:

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3 years ago
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svetoff [14.1K]
<h3>Answer:</h3>

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<h3>Step-by-step explanation:</h3>

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