Answer:
Step-by-step explanation:
Final Answer: 19.5%
1) Gathering the data
P=$6200
F=7310
t= 3 yrs
2) Since it is a simple interest, it is a linear application. So we can find it using this formula:
Answer:
0.162
Step-by-step explanation:
(12+13)/154
25/154
0.162