Is 15/28 equivalent to 25/45
1 answer:
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Answer:
<h3>33.3%</h3>Step-by-step explanation:
Using the formula for calculating simple interest as shown;
Simple Interest = Principal * Rate *Time/100
Principal = Cost of tablet = $1500
Interest after one year = $1500-$1000 = $500
Time = 1year
Substituting this values into the formula;
The interest rate that her parents assumed is 33.3%