Any number that is divisible by 3 is also divisible by 6. Find a counterexample to show that the conjecture is false
1 answer:
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Answer:
The interest rate is 4% per annum.
Step-by-step explanation:
Let the interest rate that I am getting is r% per annum.
So, my $5000 investment becomes $6200 after getting r% simple interest for 6 years.
So, from formula of simple interest we can write
⇒
⇒
⇒ r = 4%
Therefore, the interest rate is 4% per annum. (Answer)