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attashe74 [19]
2 years ago
9

If the simple interest on 7000 for 6 years is 2100 then what is the interest rate

Mathematics
1 answer:
Zina [86]2 years ago
6 0

Answer:

5%

Step-by-step explanation:

r = R/100 = 5%/100 = 0.05 per year,

then, solving our equation

I = 7000 × 0.05 × 6 = 2100

I = $ 2,100.00

The simple interest accumulated

on a principal of $ 7,000.00

at a rate of 5% per year

for 6 years is $ 2,100.00.

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The question is incomplete:

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