tirickalw
tirickalw tirickalw
  • 04-02-2021
  • Mathematics
contestada

If the simple interest on ​$7000 for 3 years is ​$1890​, then what is the interest​ rate?

Respuesta :

fnej
fnej fnej
  • 01-04-2021

Answer:

0.09 or 9%

Step-by-step explanation:

I = Prt

Given:

I = 1890

P = 7000

t = 3

Work:

I = Prt

r = I/(Pt)

r = 1890/(7000 x 3)

r = 1890/21000

r = 0.09

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