Simple Interest, I = PRT/100
3240 = 18 000 * R * 6 /100
3240 = 180*R*6
3240 / (180*6) = R Use your calculator
3 = R
The annual interest rate is 3%.
Answer:
$9.9
Step-by-step explanation:
Answer:
2 - 3x. I hope this helps!!!
Answer: $525
Step-by-step explanation:
The formula for Simple interest is calculated as PRT where
P = Principal = $7500
R = Rate = 3.5%
T = Time = 2 years
Interest = PRT
= 7500 × 3.5% × 2
= 7500 × 0.035 × 2
= $525
500 because when you have dm multply it
