The newspaper in Haventown had a circulation of 80,000 papers in the year 2000. In 2010, the circulation was 50,000. With x=0 re
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Answer: 13%
Step-by-step explanation:
The formula to find the simple interest is given by :-
, where P is the principal amount, r is rate of interest () in decimal and t is the time ( in years).
Given : P = $19,100 , I=$9932.00 and t= 4 years
Substitute all the above values in the formula , we get
In percent ,
Hence, the rate of interest = 13%