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What is the equation of the additive relationship represented by this table?

Mathematics

1 answer:

QveST [7]3 years ago

3 0

Answer:

-1

Step-by-step explanation: hope this helps

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Answer:

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Step-by-step explanation:

Here, The principal amount = 7,000

The final paid amount = 9,000

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Let us assume the rate of interest = R

Now, Simple Interest = Amount - Principal

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So, the SI on the given principal for 2 years = 2,000

$\textrm{SIMPLE INTEREST } = \frac{P \times R \times T}{100}\\\implies 2000 = \frac{7,000 \times R \times 2}{100}\\\implies R = \frac{2,000 \times 100}{7,000 \times 2} = 14.285$

or, R = 14.285%

Hence, the required rate of interest = 14.285%

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