Answer:
7.3%
Step-by-step explanation:
Given:
<em>Formula for Rate of interest </em>:
Where is the rate of interest.
dollars is the loan and
years is the time for which interest is to be paid
To find:
Solution:
Putting the given values in the formula:
Multiply the above value with 100 to find the percentage.
i.e.
Therefore, the answer is <em>7.3%</em>
flip it around 9/13 reciprocal would be 13/9
C