Question

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.​

Answer 1

Answer:

3/2% or 1.5%

Step-by-step explanation:

Simple Interest = PRT/100

or, 600×r×10/100 = 90

Or, r = 90×100/600×10 = 3/2% or 1.5%