1 year ago

FIND R, Interest problem

Mathematics

1 answer:

photoshop1234 [79]1 year ago

4 0

R, which is the rate is 20%.

<h3>What is simple interest?</h3>

Simple interest is the interest on a sum of money invested or borrowed for a specific period of time.

The sum invested is called the principal.

Analysis:

simple interest (I) = PRT/100 = 300

P = principal = 3000

R = rate = ?

T = 0.5 year

300 = 3000 x R x 0.5/100

R = 20%

Learn more about simple interest: brainly.com/question/20690803

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