nathernandez3 nathernandez3
  • 03-12-2021
  • Mathematics
contestada

If the simple interest on 5,000 for 3 years is 1,200 then what is the interest rate

Respuesta :

jdoe0001 jdoe0001
  • 03-12-2021

[tex]~~~~~~ \textit{Simple Interest Earned} \\\\ I = Prt\qquad \begin{cases} I=\textit{interest earned}\dotfill&\$1200\\ P=\textit{original amount deposited}\dotfill & \$5000\\ r=rate\to r\%\to \frac{r}{100}\\ t=years\dotfill &3 \end{cases} \\\\\\ 1200=(5000)\left( \frac{r}{100} \right)(3)\implies 1200=150r\implies \cfrac{1200}{150}=r\implies 8=r[/tex]

Answer Link

Otras preguntas

Identify the verb as transitive or intransitive: the water is boiling​
1) The 4 main constituent systems of the earth and their features 2) In how many hemispheres does the equator divide the terrestrial globe? What grade is it
Find two consecutive whole numbers that the square root of 85 lies between.
please help Which question helps you determine a writer's opinion rather than his or her perspective? What is the writer's qualifications for writing about the
Free Gift cards for PS4 Amazon Everything Who wants one
What did Japan own (other than its own islands)?
need asap compare and contrast christianity and islam at least 5 sentence
Equivalent Ratios х у 3 4 9 ? 1824 What number is missing from the table of equivalent ratios? A) 10 B) 12 C) 15 D) 16
distinguish between biological and social aspects​
hey I got this question and it asked what part of the brain realized it was a cat but and the previous question asked you hear a noise outside and feel fear, wh