Question

f the simple interest on ​$4000 for 6 years is ​$1440​, then what is the interest​ rate?

Answer 1

Answer:

Step-by-step explanation:

$rate=\frac{interest \times 100}{principle \times time } \\=\frac{1440 \times 100}{4000 \times 6 } \\=6 \%$