lilagvaldez15
04.02.2021 •
Mathematics
If the simple interest on $3,000 for 10 years is $1,800, then what is the interest rate?
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Ответ:
17
Step-by-step explanation:
First, converting R percent to r a decimal
r = R/100 = 17%/100 = 0.17 per year,
then, solving our equation
I = 1800 × 0.17 × 10 = 3060
I = $ 3,060.00
The simple interest accumulated
on a principal of $ 1,800.00
at a rate of 17% per year
for 10 years is $ 3,060.00.
Ответ: