1/7 is your answer. It can't be reduced any further. If there is supposed to be a problem, next time, add it.
Please use " i " to denote "interest."
the formula for simple interest is i = p r t.
Here, i = $160.67 = $2000 (r) (8/12)
Solving for the interest rate, r = ($169.67)(12/8)/ $2000 = 0.127, or 12.7%
Answer:
31m + 21n
Step-by-step explanation: