Answer:
interest rate is 38.68 %
Step-by-step explanation:
Given data
installment = $60
time = 36 months = 36/12 = 3 years
principal = $1000
to find out
interest rate
Solution
we know student pay $60 for 36 months
so he pay total = 60 × 36 = 2160
total amount pay by student = $ 2160
so we can find interest rate by given formula
rate = (1/time)(amount/Principal - 1)
put the value time amount and principal here
rate = (1/3)(2160/1000 - 1)
rate = 0.386667
interest rate is 38.68 %
Answer:
im sorry if not but i think its 7.24
Step-by-step explanation:
Answer:
31 is prime. and it’s prime factorization is just 31....
Step-by-step explanation:
Answer:
4.702 does not represent 4.701
Step-by-step explanation:
#teamtrees #WAP (Water And Plant)