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If the simple interest earned on $6000 for 9 years is $2,160. Then what is the interest rate? Please explain so I know how to solve problems like these in the future.

If the simple interest earned on $6000 for 9 years is $2,160. Then what is the interest rate? Please explain so I know how to solve problems like these in the future.
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If the simple interest earned on $6000 for 9 years is $2,160. Then what is the interest rate? Please explain so I know how to solve problems like these in the future.

User Kouame
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1 Answer

4 votes

The interest rate is +906.6 per year.

If the simple interest earned on $6000 for 9 years is $2,160. Then what is the interest-example-1
User Shuvo Amin
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