I really Need help on this question, I have soo much homework to do, and i cant get it done if i have questions like this stoppi
ng me. So if you can help please do so. : )
2 answers:
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Answer:
<h3>The answer is 5.7 %</h3>Step-by-step explanation:
To find the rate given the principal , time and interest , we use the formula
where
p is the principal
t is the time
I is the interest
From the question
Principal = $1,250
Time = 4 years
Interest = $285
We have
We have the final answer as
<h3>5.7 %</h3>Hope this helps you