A loan worth $1000 collects simple interest each year for 6 years. At the end of that time, a total of $1270 is paid back. Determine the percentage rate for this loan?

The percentage rate is 4.5%

Step-by-step explanation:

The simple interest earned in this situation is $1270 - $1000, or $270.

the simple interest formula is i =prt.

Here, i = $270 = ($1000)(r)(6 yr).

                $270

Then r = = 0.045

                $1000(6 yr)

The percentage rate is 4.5%

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step-by-step explanation:

answer: answer is c!

ok i got to organize the

3/15 and 12/55

3*

aha

3*4 equals 12 but not

a: no

b:

8/24 12/35

no

gautie

it's c

5/18 = 25/90

5*5=25

18*5 = 90

hope that you!

one more happy customer!

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step-by-step explanation: