If the simple interest on $7,000 for 6 years is $2,100 then what is the interest rate?

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GamerJosh asked Jun 1, 2022

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If the simple interest on $7,000 for 6 years is $2,100 then what is the interest rate?

Mathematics
high-school

GamerJosh asked Jun 1, 2022

by GamerJosh

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11 votes

Answer:

0.03 or 3%

Explanation:

I = Prt

r = I/(Pt)

r = 1200/(7000 * 6)

r = 1200/42000

r = 0.03

Jasonmclose answered Jun 3, 2022

by Jasonmclose

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29 votes

Answer:

your not even helping anyone but only steeling thee points

Explanation:

Mehran Torki answered Jun 6, 2022

by Mehran Torki

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