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Inessa [10]
3 years ago
7

Please helpppp 100 points!

Mathematics
1 answer:
erik [133]3 years ago
4 0

Answer:

1.57*10^4 ?

Step-by-step explanation:

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Answer:

0.09

Step-by-step explanation:

So if you use the Simple interest equation it will begin with:
Interest total = Initial Amount of money x Interest rate per year x Years money is invested for.

Then substitute the values you have been given so:

$6300 = 7000 x Interest rate per year x 10.

This is simplifies to 6300 = 70,000 x Annual Interest rate

You can rearrange this to find the annual interest rate by dividing by 70,000:
\frac{6300}{70000} = Interest\ rate

Simplifying this would be:
\frac{63}{700}\\ = Interest rate.

The interest rate is 0.09.

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1 year ago
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I need help with this
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