khanhlinh2112 khanhlinh2112

15-08-2020
Mathematics

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Paula invests $600 at a rate of r% per year simple interest. At the end of 10 years, the total interest earned is $90. Find the value of r.

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harryjupiter148 harryjupiter148

15-08-2020

Answer:

1.5%

Step-by-step explanation:

To find Rate in Simple Interest:

R = 100 S.I / T × P

R = 100 × 90/10 × 600

R = 9/6

R = 1.5%

1.5% is the rate.

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