Register

If the simple interest on $6,000 for 3 years is $1,080, then what is the interest rate?​

If the simple interest on $6,000 for 3 years is $1,080, then what is the interest rate?​
asked 110k views
0 votes
If the simple interest on $6,000 for 3 years is $1,080, then what is the interest rate?​

asked
User Caub
by
8.5k points

1 Answer

4 votes

The interest rate is 18%.

answered
User Lschlessinger
by
7.4k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Link Copied!