At a sale, coats were sold for 52% of their original price. If the coats originally cost $200 each, how much did a coat cost on
1 answer:
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Answer :
R = 6.25%
Solution,
Let P is the principal. It means interest will be :
I=3/8 P
The formula for the interest is given by :
Hence, the rate of interest is 6.25%.