Answer:
7 %
Step-by-step explanation:
- i do not know if you use this but I use S.I=P×R/100×T
- S.I=840
- P for principal(the money you borrow or lend) =6000
- T for time=2 years.
- R for rate=???
- In order to find out the rate, you need to substitute all these numbers into their respective places.
- 840=6000×r/100×2
- 6000/100=60
- 840=60×r×2
- 840=120r
- r=7%
Answer:
5.5
Step-by-step explanation:
that is the answer....
Answer:
The slope to the question provided is 
Example 2. Simple interest on $5000 over 4 years is $1800, what is the interest rate? Example 3. If you borrow $1200 at a 5% annual interest rate, how long will it take for the total amount owed to reach $1300? Example 4. Find the principal if the simple interest in 14 days at 25% per annum is 100.
