esmiestewart211 esmiestewart211

12-06-2021
Mathematics

contestada

The simple interest on $15,000 for 4 years
is $8, 100. Calculate the rate percent per annum.

Respuesta :

drmallery drmallery

12-06-2021

Answer:

13.5%

Step-by-step explanation:

8100 interest/4 years=2,025 interest per year

principal x interest rate=interest per year

15000 x interest rate=2025

interest rate =2025/15000

interest rate=.135 or 13.5%

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