Ask Question
14 February, 11:31

If the simple interest on $3000 for 8 years is $1680, then what is the interest rate?

+4
Answers (1)
  1. 14 February, 13:03
    0
    R=i/pt

    R=1680/3000*8=1,680:24,000

    =0.07*100=7%
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “If the simple interest on $3000 for 8 years is $1680, then what is the interest rate? ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers