Deveina Deveina

14-12-2020
Mathematics

contestada

If the simple interest on $7,000 for 3 years is $1890, then what is the interest rate?

Respuesta :

clarch19 clarch19

14-12-2020

Answer:

I = Prt

Interest = Principal x rate x time

Step-by-step explanation:

1890 = 7000(3)r

1890 = 21000r

r = 1890/21000

r = .09 or 9%

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