oscarsprangers198 oscarsprangers198
  • 15-03-2020
  • Mathematics
contestada

$360 simple interest is paid when ​$6000 is borrowed for 9 months. Find the simple interest rate.

Respuesta :

arpan3408 arpan3408
  • 15-03-2020

Answer:

6 percent

Step-by-step explanation:

1 ) 360/9 = 40 - 40 dollars earned per month

2) 40 x 12 = 480 - earned per year

3) 6000/9 = 666.67 x 12 = 8000 per year

4) 480/8000 = 0.06 / 6 percent

Lets check: 6000 x 1.06 = 6360 which is the amount of interest she gets paid in 9 months

Answer Link

Otras preguntas

Could an organism survive without one of its organs
Sin42cos17-cos42sin17
What is 12% of 85 im having a hard time with this question
Danny reads 4 pages of a book each day.After 12 days, hes still has 82 pages left to read.How many pages does the book have?
What is the abbreviation for the Appalachian mountain
Rick has 12 action, 15 comedy, and 9 drama DVDS. find the ratio of action DVDS to the total of DVDS. Then explain its meaning how would I do this problem?
why did the United States avoid involvement in World War II until December 1941?
the bottom of a ladder must be placed 5 feet from a building. the ladder is 14 feet long. how far above the ground does the ladder touch the wall?
Rick has 12 action, 15 comedy, and 9 drama DVDS. find the ratio of action DVDS to the total of DVDS. Then explain its meaning how would I do this problem?
A process with less than 100% efficiency is?