3 years ago

If a business borrows $20,000 and repays $29,200 in 4 years, what is the simple interest rate?

Mathematics

1 answer:

nekit [7.7K]3 years ago

4 0

Answer:

11.5

Step-by-step explanation:

r= SI×100

_______

P×T

= 9200×100

_________

20000×4

= 920000

________

80000

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