Question

Find the rate if the principal is $900, the time is 3 years, and the interest is $135. A)   5% B)   7.5% C)   15% D)   20%

Answer 1

The answer would be A) 5%. You can solve this by dividing 135$ by three years to get 45. then divide 45 by 900 to get 0.05 which is 5% in decimal form.