Imagine that city officials in your hometown expect a huge rise in population over the next few years. Which of the following pe
2 answers:
You might be interested in
Answer:
Step-by-step explanation:
We know that for principal amount P , time period T and rate of interest , simple interest is given by
.
Here ,
To find : simple interest rate i.e.,
On putting values of in formula , we get
Now we need to round off the answer to the nearest tenth .
So, simple interest rate is % = =