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If the simple interest on $7,000 for 6 years is $3,780, then what is the interest rate?
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21 votes
If the simple interest on $7,000 for 6 years is $3,780, then what is the interest rate?

User Tatjana
by
4.5k points

2 Answers

3 votes
The interest rate is 54%
User Arasa
by
3.8k points
5 votes

Answer:

54%

Step-by-step explanation:

3780/7000=.54

.54*100%= 54%

User StefanNch
by
4.9k points
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