Register
If the simple interest on $7000 for 8 years is $4480, then what is the interest rate ?
7.2k views
0 votes
If the simple interest on $7000 for 8 years is $4480, then what is the interest rate ?

User Bhavya Latha Bandaru
by
8.2k points

1 Answer

2 votes
$560 for every year.
User Kevinsss
by
8.3k points
← Prev Question Next Question →

Related questions

User Cocowalla
asked May 27, 2023 16.0k views
Calculate the amount of $4480 at 8% interest per annum for 3 years
Cocowalla asked May 27, 2023
by Cocowalla
9.0k points
2 answers
22 votes
16.0k views
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.5m questions

12.2m answers

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
Link Copied!