Deveina
Deveina Deveina
  • 14-12-2020
  • Mathematics
contestada

If the simple interest on ​$7,000 for 3 years is ​$1​890, then what is the interest​ rate?

Respuesta :

clarch19
clarch19 clarch19
  • 14-12-2020

Answer:

I = Prt

Interest = Principal x rate x time

Step-by-step explanation:

1890 = 7000(3)r

1890 = 21000r

r = 1890/21000

r = .09 or 9%

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