3 years ago

A loan of $8 000 was repaid in 2 years in

Mathematics

2 answers:

Viefleur [7K]3 years ago

7 0

Answer:

20%

Step-by-step explanation:

(400 x 12 x 2 - 8000)/8000 x 100 = 20%

Anika [276]3 years ago

3 0

Answer:

P = 8000

t = 2

I = p × r × t

400 = 8000 × r/100 × 2

r = 400/160 per year

r = 40/16 = 2.5 %

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