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tekilochka [14]
3 years ago
12

Find the rate of interest, if the interest is 490 the sum(principal) is 7000 for 2 years. Please use this formula for this answe

r Interest = principal*rate of interest*time/ 100
Mathematics
1 answer:
Amanda [17]3 years ago
5 0

Answer:

Step-by-step explanation:

rate of interest=(interest×100)÷(principal×time)

=(490×100)÷(7000×2)=3.5 %

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Answer:

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Step-by-step explanation:

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