jessicaanes31 jessicaanes31
  • 04-02-2022
  • Mathematics
contestada

If the simple interest on 7,000 for 2 years is 1,120, then what is the interest rate

Respuesta :

opeyemiagboola177
opeyemiagboola177 opeyemiagboola177
  • 06-02-2022

Answer:

using I= prt/100

p=7000-1120= 5880

1120=5880×r×2/100

112000=11760×r

r= 112000÷11760

r =9.52%

Answer Link

Otras preguntas

How did scientists discover the common structure of cells?
How do scientists use seismic waves to determine the interior structure of Earth?
The value square root of 53 of lies between which two consecutive integers?
which factor made the most difference in how agriculture affected the economies of the colonies?
you measure or observe two events to occur at the same time one nearby and one further away. Which one did you actually see first?
Alicia estimates that the surface area of a rectangular prism with a length of 11 meters,a width of 5.6 meters,and a height of 7.2 meters is about 334 cubic met
How many atoms are in 0.750 moles of zinc?
which seismic wave moves through earth at the fastest speed?
What are the 3 features of a typical seigneurie
5x+4y+100 in slope intercept form