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If the simple interest on $7,000 for 6 years is $3,780, then what is the interest rate?

If the simple interest on $7,000 for 6 years is $3,780, then what is the interest rate?
asked 129k views
21 votes
If the simple interest on $7,000 for 6 years is $3,780, then what is the interest rate?

asked
User Tatjana
by
8.3k points

2 Answers

3 votes
The interest rate is 54%
answered
User Arasa
by
8.1k points
5 votes

Answer:

54%

Step-by-step explanation:

3780/7000=.54

.54*100%= 54%

answered
User StefanNch
by
8.9k points
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