melanieaguilar0625 melanieaguilar0625

10-12-2019
Mathematics

contestada

If the simple interest on $5,000 for 7 years is $1,750, then what is the interest rate?

Respuesta :

fkdkdlld fkdkdlld

10-12-2019

Answer:

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Step-by-step explanation:

Answer Link

mavludabarotova76 mavludabarotova76

10-12-2019

Answer:

p is the interest rate

in one year we get 5000*p/100 profit

after 7 years 7 *5000*p/100

so,7*50*p=1750

p=5%

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