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

compare these heights: 5,2 and 46,5

These large paired bones form most of the lateral and superior walls of the cranial vault (calvaria).

Write step by step process of making tea.

The culture of Zappos is hard to imitate because it consists of numerous, diverse interactions among its employees, processes, procedures, and norms, that creat

Which describes the oxidizing agent in a chemical reaction? the substance that is oxidized because it loses electrons the substance that is reduced because it l

Martha is late for class, so she races her 75 kg body up a 4.0 meter flight of stairs in only 2.3 seconds. What is Martha’s power? Group of answer choices a. 1,

Rita is making a beaded bracelet. She has a collection of 160 blue beads, 80 gray beads, and 240 pink beads. What is the estimated probability that Rita will ne

Known as this during the filming of the pilot episodes, what was the original name of the 1970s tv show the brady bunch?.

15. What does the suffix -fy mean? the action of capable of being full of cause or become

uppose you want to test the value of the mean in a population. You collect a random sample of 60 which yields a sample mean and sample standard deviation. You o