Answer:
$201.60
Step-by-step explanation:
12% of 180 = 21.6
Cost of health club = 180
180 + 21.6 = $201.60
The rate of interest is 25%
<u>Explanation:</u>
Given:
Principal, P = $2,000
Amount, A = $2500
Time, t = 1 year
Rate of Interest, r = ?
We know:

On substituting the value we get:


Therefore, the rate of interest is 25%
Includes a pledge of collateral
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