Answer:
5%
Step-by-step explanation:
Given that:
Principal = $3000
Simple Interest paid = $600
Period = 4 years
Simple interest = principal * rate * time
$600 = $3000 * rate * 4
$600 = $12000 * rate
Rate = $600 /$12000
Rate = 0.05
Hence, simple interest rate paid = (0.05 * 100%) = 5%
Answer:
If you're trying to solve for r. r=35
Step-by-step explanation:
Step 1: Simplify both sides of the equation.
r+2r=105
(r+2r)=105(Combine Like Terms)
3r=105
3r=105
Step 2: Divide both sides by 3.
3r/3 = 105/3
r=35
Answer:
2 - 5x
Step-by-step explanation:
Answer is in the problem:
2 less than = 2 minus a number ( 2- )
five times a number = 5x ( we don't know what number five is being multiplied by, so we put a variable)
Answer:
I have no answer.
Step-by-step explanation:
You need to add more information.
