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

QAmmunity.org

My account
Edit my Profile
Private messages
My favorites

Ask a Question
Questions
Tags
Categories
Ask a Question

GamerJosh asked Jun 1, 2022

392,500 views

16 votes

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

2.7k points

0 Comments

Your comment on this question:

Email me at this address if a comment is added after mine:Email me if a comment is added after mine

Privacy: Your email address will only be used for sending these notifications.

Your answer

Email me at this address if my answer is selected or commented on:Email me if my answer is selected or commented on

Privacy: Your email address will only be used for sending these notifications.

2 Answers

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

3.0k points

0 Comments

Your comment on this answer:

Email me at this address if a comment is added after mine:Email me if a comment is added after mine

Privacy: Your email address will only be used for sending these notifications.

29 votes

Answer:

your not even helping anyone but only steeling thee points

Explanation:

Mehran Torki answered Jun 6, 2022

by Mehran Torki

2.9k points

0 Comments

Your comment on this answer:

Email me at this address if a comment is added after mine:Email me if a comment is added after mine

Privacy: Your email address will only be used for sending these notifications.

Ask a Question

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

1.6m questions

2.0m answers

0 Comments

Your comment on this question:

Your answer

2 Answers

0 Comments

Your comment on this answer:

0 Comments

Your comment on this answer:

Other Questions