If the simple interest on 4,000 for 10 years is 2,400 then what is the interest rate
1 answer:
Answer:
6%
Step-by-step explanation:
I =Prt I being interest paid, P is Principal, r is rate, t is term
2400=4000x r x 10
2400=40000r
2400/40000=.06 convert to percentage by multiplying by 100 x. 06=6
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Answer:
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Step-by-step explanation:
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