After 1 year, $6,000 deposited in a savings account with simple interest had earned $120 in interest. What was the interest rate?

Answers

Answer 1

Answer: 6000 or 120

Step-by-step explanation:

Answer 2

P=$6,000

R=?

T=1 year

S.I.=$120

SI=(PTR)/100

=>120=(6,000*R*1)/100

=>120=60R

=>R=120/60

   R=2%

Hope this answer is helpful


Related Questions

What is the solution of the equation n+13=30 ?

Answers

The answer is 30 right

Answer:17

Step-by-step explanation:

1) 30 -13=17

n=17

help me its due today :')

Answers

Answer:

9 feet easy to solve this is answer

The length of the other leg would also be 15ft. The triangle is an equilateral triangle meaning that it is equal on each side.
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