Register
The simple interest on a loan of $6000 for 3 years was $900. What was the rate of interest per annum​
27.6k views
5 votes
The simple interest on a loan of $6000 for 3 years was $900. What was the rate of interest per annum​

User Brendan Heywood
by
8.4k points

1 Answer

5 votes

Answer:

5%

Explanation:

900/3=300

300/6000=0.05

0.05=5%

User Lepidopteron
by
8.5k points
← Prev Question Next Question →

Related questions

User Lexpj
asked Oct 20, 2021 48.3k views
Find the simple interest rate per annum on $22,000, if at the end of 3 years the interest is equal to $6000
Lexpj asked Oct 20, 2021
by Lexpj
8.3k points
1 answer
4 votes
48.3k views
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

Other Questions

What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
Write words to match the expression. 24- ( 6+3)
Link Copied!