jessicaanes31 jessicaanes31
  • 04-02-2022
  • Mathematics
contestada

If the simple interest on 7,000 for 2 years is 1,120, then what is the interest rate

Respuesta :

opeyemiagboola177
opeyemiagboola177 opeyemiagboola177
  • 06-02-2022

Answer:

using I= prt/100

p=7000-1120= 5880

1120=5880×r×2/100

112000=11760×r

r= 112000÷11760

r =9.52%

Answer Link

Otras preguntas

The temperature was 6° C. By how much has it fallen if it is now -5° C?
What is the name of the enzyme that digests starch?
!! NEED DONE SOON!! The mouth and stomach are connected by the ____. esophagus rectum liver small intestine
5. What can't the developing fetus be tested for?
Which BEST explains why labels on cigarettes have gotten more detailed about the effects of cigarettes on health? O A. Cigarette manufacturers pushed for greate
Why did the colonies went to war?
Information used to support a claim is called evidence. reasons. arguments. viewpoints.
carrie is building a wooden birdhouse for her mom. She finds a plank in the garage to use for the base. When she realizes its too long, Carrie cuts 3 inches off
I need help please!!!!!!
Read the excerpt below and answer the question. So I slid out and slipped off up the road, and there warn't anybody at the church, except maybe a hog or two, fo