3 years ago

6

Mathematics

1 answer:

Ede4ka [16]3 years ago

8 0

Answer:

5 percent per annum

Step-by-step explanation:

interest rate:

interest: $1800

principal: $18000

duration: 2 years

1800/ 18000 * 100

result is 10%

Since interest is 10% in 2 years, 10% / 2

interest is 5% per year.

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