129k views
1 vote
QUICK!! if the simple interest on $3,000 for 6 years is 1,440 then what is the interest rate​

User Omerjerk
by
8.1k points

1 Answer

4 votes

Answer:

Explanation:

I=Prt so

1440 = 3000r(6) and

1440 = 18000r so

r = .08

As a percentage, which rates are, this is 8%

User Halsdunes
by
8.1k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories