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2 years ago

If the simple interest on $4000 for 3 years is $720, then what is the interest rate?

Mathematics

1 answer:

solong [7]2 years ago

4 0

Answer:

0.06% annually

Step-by-step explanation:

Divide $720 by 3. We get $240, so we know this is the amount of interest we get per year. Dividing $240 by $4,000 gives us

$\frac{240}{4000} = 0.06$

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Vaselesa [24]

Hello!

<u><em>Answer: ⇒⇒⇒⇒⇒⇒⇒ =54</em></u>

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Step-by-step explanation:

First you had to convert element to fraction.

$\frac{2}{3}*\frac{81}{1}$

Then you had to cross out by the common factor of 3.

$\frac{2}{1}=\frac{27}{1}$

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Multiply by the number.

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Again multiply by the number.

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Apply rule.

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54 is the right answer.

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3 years ago

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If the simple interest on ​$4000 for 3 years is ​$720​, then what is the interest​ rate?

If the simple interest on $4000 for 3 years is $720, then what is the interest rate?