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If the simple interest earned on $6000 for 9 years is $2,160. Then what is the interest rate?

If the simple interest earned on $6000 for 9 years is $2,160. Then what is the interest rate?
asked 131k views
1 vote
If the simple interest earned on $6000 for 9 years is $2,160. Then what is the interest rate?

asked
User Lgriffiths
by
7.6k points

1 Answer

5 votes

Answer:

4 %

Explanation:

1 year interest =2160÷9

= £240

Interest rate=240/6000 ×100

=4%

answered
User Rcl
by
7.4k points
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