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3 years ago

10

The simple interest on $15,000 for 4 yearsis $8, 100. Calculate the rate percent per annum.

1 answer:

insens350 [35]3 years ago

4 0

Answer:

13.5%

Step-by-step explanation:

8100 interest/4 years=2,025 interest per year

principal x interest rate=interest per year

15000 x interest rate=2025

interest rate =2025/15000

interest rate=.135 or 13.5%

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