joielee123 joielee123

16-04-2021
Mathematics

contestada

If the simple interest on $7,000 for 2 years is 980, then what is the interest rate?

Respuesta :

nishanup6 nishanup6

17-04-2021

Answer:

7%

Step-by-step explanation:

since the formula says si=ptr/100

so we have to separate r which gives us r =(i ×100)/(p×t)

now putting the values (980×100)/(7000×2)

=7

therefore the rate of interest is 7%

Answer Link

Otras preguntas

that other historians may feel it did not. In the chart below, list reasons supporting both sides of the debate. please help

Identify the noun adverb and adverbial phrase Dad spoke softly to calm her fears

Leaves falling from a tree ,what is explanation

1. Each year, the third Thursday in March is named Kangaroo Day. The dates of Kangaroo Day for the next few years are shown below, with one error. Which date is

solve the system of equations: -3x + 7y = -15 3x + 5y = 15 what do X and Y equal?

elastic materials maintain their nature in all circumstance. true or flase

I also need help with these! It would mean a lot.

What music genre is Cody fry’s i hear a symphony song

What is the distance from (3,5) to (9,13). A. 9.4 units B. 13 units C. 12.6 units D. 11.9 units

Fill in the table using this function rule. (Fill Y side) Y=10x+3 X Y -1 0 1 5