2 years ago

If the simple interest on $8000 for 3 years is $540, what is the rate of interest per annum?

Mathematics

1 answer:

Tresset [83]2 years ago

6 0

Answer:

2.25%

Step-by-step explanation:

I = Prt

Given:

I = 540

P = 8000

t = 3

Solve for r:

I = Prt

r = I/(Pt)

r = 540/(8000 * 3)

r = 540/24000

r = 0.0225

Rate in percentage form:

0.0225 * 100 = 2.25%

You might be interested in

What is the value of x? <br> ANSWER ASAP!!!

svp [43]

Answer:

24 inches

Step-by-step explanation:

15 divided by 3 equals 5, so you need to do to the other side. Which would be X divided by 3 equals 8. 24 divided by 3 equals 8

3 0

3 years ago

Explain how you know that the sum of 12.6,3.1, and 5.4 is greater than 20

ozzi

By just looking at ur whole numbers...12 + 3 + 5 = 20...and thats not even counting ur decimals..so by adding ur decimals, u know that it will be over 20.

5 0

2 years ago

Help me to choose the right answer

irga5000 [103]

Answer:

its B

Step-by-step explanation:

8 0

2 years ago

Find the slope of the line

mr Goodwill [35]

Answer:

the slope is 1

Step-by-step explanation:

3 0

2 years ago

Read 2 more answers

Plz help 50 points will give brainliest to first correct answer

Goryan [66]

Answer:

Step-by-step explanation:

BDC=95

8 0

2 years ago

Read 2 more answers

If the simple interest on $8000 for 3 years is $540, what is the rate of interest per annum?​

If the simple interest on $8000 for 3 years is $540, what is the rate of interest per annum?