reyesgabriella49 reyesgabriella49
  • 06-12-2019
  • Mathematics
contestada

If the simple interest on $4,000 for 4 years is $960, then what is the interest rate?

Respuesta :

bradleykunz
bradleykunz bradleykunz
  • 08-12-2019

Answer:

6% Or 0.06

Step-by-step explanation:

I=PRT

960=4000*R*4

960=16000*R

(960/16000)

0.06=R

(0.06*100) to find the “percent”

6%

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