asked 210k views
21 votes
F the simple interest on ​$4000 for 6 years is ​$1440​, then what is the interest​ rate?

asked
User Andrioid
by
8.1k points

1 Answer

11 votes

Answer:

Explanation:


rate=(interest * 100)/(principle * time ) \\=(1440 * 100)/(4000 * 6 ) \\=6 \%

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