Register

If the simple interest on ​$1,000 for 10 years is ​$600​, then what is the interest​ rate?

If the simple interest on ​$1,000 for 10 years is ​$600​, then what is the interest​ rate?
48.3k views
0 votes
If the simple interest on ​$1,000 for 10 years is ​$600​, then what is the interest​ rate?

User Sheinis
by
8.2k points

1 Answer

1 vote

Answer:

60 or 70

Explanation:


10 * 600 = 60000 \\


1000 / 60000 = 60


60 + 10 = 70

User Nexuswho
by
7.9k points
← Prev Question Next Question →

No related questions found

Ask a Question
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

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
Link Copied!