madalynwellman madalynwellman
  • 16-11-2021
  • Mathematics
contestada

If the simple interest on $4,000 for 9 years is $1,440, then what is the interest rate?

Respuesta :

cnpjedi cnpjedi
  • 16-11-2021

Answer:

4% interest rate

Step-by-step explanation:

   160                  4                  

--------------  =  ---------------

  4,000            100      

1,440/9=160                      

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