kayhey kayhey
  • 16-04-2021
  • Mathematics
contestada

$6,000 was invested at a simple interest rate. In 15 years, the
account was worth $9,600. What was the interest rate? Show all your
work!

Respuesta :

Calvinnyuol
Calvinnyuol Calvinnyuol
  • 18-04-2021

Answer:

4.2%

Step-by-step explanation:

S.I=P×R×T

R=I×100/R×T

=6000×100/9600×15

=600000/144000

=4.2%

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