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leahstubbs
06.11.2020 •
Mathematics
Take a brainliest OOO
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Ответ:
Thanks
Step-by-step explanation:
Ответ:
3.5%
Step-by-step explanation:
Given data
A=$6225
P=$5000
T= 7years
R=???
Simple interest
A=P(1+rt)
substitute
6225=5000(1+7r)
6225=5000+35000r
collect like terms
6225-5000=35000r
1225=35000r
r= 1225/35000
r=0.035
Hence the rate is 0.035*100= 3.5%