Hace 6 años compre un lote en $900.000, recibí un interés por la inversión $1.423.000, hallar la tasa de interés de este negocio

Interest rate, R = 26.35%

Explanation:

Given the following data;

Time = 6 yearsPrincipal = $900,000Simple interest = $1,423,000

To find the interest rate, we would use the following formula;

Where;

S.I is the simple interest.P is the principal.R is the interest rate.T is the time measured in years.

Making "R" the subject of formula, we have;

Substituting the values into the formula, we have;

Interest rate, R = 26.35%

Therefore, the interest rate of this business is 26.35 percent.

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