Question

If $2700 earned simple interest of $70.20 in 6 months, what was the simple interest rate? Question content area bottom Part 1 The simple interest rate is enter your response here%. (Type an integer or decimal rounded to the nearest tenth as needed.)

Name: if 2700 earned simple interest of 7020 in 6 months what was the simple interest rate question content area bottom part 1 the simple interest rate is enter your response here type an integer 58045
Uploaded: 2023-10-09T04:05:21-08:00
Duration: 2 min 14 s
Channel: Willis James
Description: if 2700 earned simple interest of 7020 in 6 months what was the simple interest rate question content area bottom part 1 the simple interest rate is enter your response here type an integer 58045

          If $2700 earned simple interest of $70.20 in 6 months, what was the simple interest rate?
Question content area bottom
Part 1
The simple interest rate is 
  
enter your response here%.
(Type an integer or decimal rounded to the nearest tenth as needed.)

Added by Timothy A.

Elementary and Intermediate Algebra

Alan S. Tussy, R. David Gustafson 5th Edition

Instant Answer

Solved by Expert Willis James

10/09/2023

Step 1

- Principal amount (P) = $2700 - Simple interest (I) = $70.20 - Time period (T) in years = 6 months = 0.5 years Show more…

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If $2700 earned simple interest of $70.20 in 6 months, what was the simple interest rate? Question content area bottom Part 1 The simple interest rate is enter your response here%. (Type an integer or decimal rounded to the nearest tenth as needed.)