Answer:
the simple interest rate is 18.00%
Step-by-step explanation:
The computation of the simple interest rate is shown below:
Amount = Principal × (1 + rate)^years
$4,935 = $3,000 × (1 + rate)^3
After solving it, the rate of percentage is 18.00%
Hence, the simple interest rate is 18.00%
Ravi's age after 15 years = x+15
Ravi's age = 4 times his present age = 4x
According to question -
15 + x = 4x
=> 15 = 4x-x = 3x
=> 15 = 3x
=> x = 15/3
=> x = 5
Thus , Ravi's present age is 5 years.
answer is c infinitely many your welcome
