crazywolfkaydence
crazywolfkaydence crazywolfkaydence
  • 11-12-2020
  • Mathematics
contestada

Find the annual simple interest rate. I = $18, P = $150, t = 6 years

Respuesta :

mhanifa
mhanifa mhanifa
  • 11-12-2020

Answer:

  • 2%

Step-by-step explanation:

Use this formula for interest:

  • I = Ptr, where I - interest, P- principal, t- time, r - interest rate

Substitute values and solve for r:

  • 18 = 150*6*r
  • r = 18/900
  • r = 2/100
  • r = 2 %
Answer Link
delilatyndall15
delilatyndall15 delilatyndall15
  • 02-11-2021

Answer:

Step-by-step explanation:

2% is the answer

Answer Link

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