ssolis26
ssolis26 ssolis26
  • 02-10-2020
  • Mathematics
contestada

If the simple interest on ​3000 for 2 years is ​$360​, then what is the interest​ rate?

Respuesta :

zack28030
zack28030 zack28030
  • 02-10-2020
The interest rate is 6% 360/300 = .12 for 2 years get rid of half of that .06
Answer Link
DemonicBrain
DemonicBrain DemonicBrain
  • 02-10-2020
If its $360 in 2 yrs, then it would be $180 in 1 yr, which $180 is 6% of $3000
Answer Link

Otras preguntas

Where did king louis xiv of france move the royal court to in 1682.
Jack collected 18 ten-dollar bills while selling tickets for a show. He gave 1/6of the bills to the theater and kept the rest. How much money did he keep?
Natalie practices the flute 4 days per week. She practices 45 hour each day. How many hours does she practice the flute each week?
Need help asap! the area of a rectangular patio is 105 ft2. The length of the patio is 8 ft longer than the width of the patio. This can be represented by the e
Please help with answer and number line​
Michael earns $173.60 for 14 hours. Elena's hourly rate is $0.80 more per hour than Michael's. How much money will Elena earn for working 17 hours? Pls help no
Where dose wood come from originaly
Select the correct answer. What idea did George Washington introduce as president of the United States? OA The US president's first two years should be the most
often teenagers have some beliefs that are different from their parents list 5 of those beliefs
1. If 12 batteries cost $18, how much would 20 batteries cost?