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If the simple interest on $6,000 for 6 years is $1,800, then what is the interest rate?​

If the simple interest on $6,000 for 6 years is $1,800, then what is the interest rate?​
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4 votes
If the simple interest on $6,000 for 6 years is $1,800, then what is the interest rate?​

User Robosoul
by
7.9k points

1 Answer

7 votes

Answer:

10%

Explanation:

1800/3 = 600

600/6000 = 10%

User Nicolas Mommaerts
by
8.0k points
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