The rate of simple interest for loan was 8%
Step-by-step explanation:
Given
Principal amount = p = $6200
Time = t = 1 year
Amount after interest = $6696
We have to calculate the amount of interest first
So,
Interest amount =I= Amount after interest - principal amount
= 6696-6200
=$496
The formula for simple interest is:

The rate of simple interest for loan was 8%
Keywords: Simple interest, percentage
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Answer:
7
Step-by-step explanation:
Answer:
A
Step-by-step explanation:
Using the rule of exponents
×
⇔
, thus
Given
×
=
, that is
= 
Since the bases are the same equate the exponents
4 + m = 8 ( subtract 4 from both sides )
m = 4 → A
Answer:
1440
Step-by-step explanation:
It’s 1440
242.9 . I worked it out on a piece of paper so it might be right .