donriley2007 donriley2007

06-11-2020
Mathematics

contestada

If the simple interest on $3000 for 3 years is $720 , then what is the interest rate?

Respuesta :

edzdqzj8pa edzdqzj8pa

06-11-2020

Answer:

8%

Step-by-step explanation:

Starting Principal: $

3,000.00

Years:

3

Annual Interest Rate:

8

%

Results

Future Value, using...

Simple Interest: $

3,720.00

Annually Compounded Interest: $

3,779.14

Answer Link

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