If the simple interest on $5,000 for 4 years is $1,800, then what is the interest rate?
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Answer:
m= 15
Step-by-step explanation:
To solve for m, start by moving the constants (numbers that are not attached to any variable) to the other side of the equation.
Simplify:
Multiply both sides by 9:
Crossing out 3 from the denominator and from 9:
m= 5(3)
m= 15