luischavolla10
17.01.2022 •
Mathematics
12. [0/1 Points]
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AUFEXC4 11.1.041.
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The simple interest charged on a 3-month loan of $62,000 is $499. Find the simple interest rate. (Round your answer to one decimal place.)
Helpp Does anyone know how to do this? Thxxx
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Ответ:
I=Prt —-> r=I/Pt
We know the principal amount $62000
We also know the interest amount $499 in 3 months, which is our time (t)
Plug in the values: r=499/62000(3)
= 3.2194%
The question asks to round to one decimal so your true answer will be:
3.2% interest rate
Ответ:
g regrer2gebre
Step-by-step explanation:rrttr4tr4