F the simple interest on $4000 for 6 years is $1440, then what is the interest rate?

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asked Apr 18, 2022 210k views

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F the simple interest on $4000 for 6 years is $1440, then what is the interest rate?

Mathematics
high-school

Andrioid asked

by Andrioid

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Answer:

Explanation:

$rate=(interest * 100)/(principle * time ) \\=(1440 * 100)/(4000 * 6 ) \\=6 \%$

Abdelsalam Shahlol answered Apr 22, 2022

by Abdelsalam Shahlol

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