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If the simple interest on ​$4,000 for 3 years is ​$1,080​, then what is the interest​ rate?

If the simple interest on ​$4,000 for 3 years is ​$1,080​, then what is the interest​ rate?
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If the simple interest on ​$4,000 for 3 years is ​$1,080​, then what is the interest​ rate?

User Naren Yellavula
by
7.9k points

1 Answer

9 votes

Answer:

9% is your interest rate

Explanation:

User Katelyn
by
8.8k points
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