faulktrey3824 faulktrey3824

25-05-2021
Mathematics

contestada

Santiago buys a new computer for $3000. He pays it off in 2 years and pays $480 in simple interest. What was the interest rate?

Respuesta :

Ritmeks Ritmeks

28-05-2021

Answer:

8%

Step-by-step explanation:

We can solve this by making use of the simple interest formula

I= PRT/100

480= 3000×R×2/100

480= 6000R/100

Cross multiply

48000= 6000R

R= 48000/6000

= 8%

Hence the rate is 8%

Answer Link

Otras preguntas

I need help solving this

A grocery store sells a six pack of bottled water for $3.79, a nine pack for $4.50 and a 12 pack for $6.89 which package costs the least per bottle? explain yo

The square of g is the same as two times the difference of g and 10. Write an expression.

help me solve for the equation

"assume a company has sales of $423,800, production costs of $297,400, other expenses of $18,500, depreciation expense of $36,300, interest expense of $2,100, t

Is nitrogen gas a pure substance or a mixture

I need help with number 11, please.

why does kagan think americans should be patriotic?

A regular hexagon is inscribed in a circle and another regular hexagon is circumscribed about the same circle. what is the ratio of the area of the larger hexag

If two opposite sides of a square are increased by 15 meters and the other sides are decreased by 13 meters, the area of the rectangle that is formed is 60 squa