crazywolfkaydence crazywolfkaydence

11-12-2020
Mathematics

contestada

Find the annual simple interest rate. I = $18, P = $150, t = 6 years

Respuesta :

mhanifa mhanifa

11-12-2020

Answer:

2%

Step-by-step explanation:

Use this formula for interest:

I = Ptr, where I - interest, P- principal, t- time, r - interest rate

Substitute values and solve for r:

18 = 150*6*r
r = 18/900
r = 2/100
r = 2 %

Answer Link

delilatyndall15 delilatyndall15

02-11-2021

Answer:

Step-by-step explanation:

2% is the answer

Answer Link

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