The simple interest on a loan of $6000 for 3 years was $900. What was the rate of interest per annum

1 answer:

7 0

Answer:

Step-by-step explanation:

900/3=300

300/6000=0.05

0.05=5%

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The simple interest on a loan of $6000 for 3 years was $900. What was the rate of interest per annum​