sshamilpp1 sshamilpp1
  • 02-12-2019
  • Mathematics
contestada

Find the rate of interest, if the interest is 490 the sum(principal) is 7000 for 2 years

Respuesta :

adelodunoba85
adelodunoba85 adelodunoba85
  • 03-12-2019

Answer:

Rate=3.5%

Step-by-step explanation:

i=prt/100

490=7000*2*r/100

490=140r

r=490/140

r=3.5%

Answer Link

Otras preguntas

Nearly all food plants are classified as ______.
Robert has a monthly income of $1,650.00. His monthly mortgage payment is $675.00. What percentage of his income does Robert spend on his mortgage? A.
The logo for a school is an equilateral triangle inscribed inside a circle. The seniors are painting the logo on an outside wall of the school. The radius of t
Which explains how advances in online education will most likely affect college costs in the future? A.Online education will likely reduce costs and provide gr
Find the find the sixth term of the sequence which has a first term of 5 and has a common ratio of 4.2
every summer, Timmy and his buddies run a fencing and mowing business. for a reasonable price, they will mow the lawn in your backyard and put up a quality fenc
Barry is a farmer, who sells his farm produce to Tom, who is a broker for the agriculture industry. Barry and Tom often agree on a price several months before h
Is it ok to give a website your zip code?
What percent of licensed teen drivers who use drugs regularly report they drug and drive
Napoleon sold the Louisiana territory to the United States because he