Answer:
principal=$300
time=1 year
simple interest=$54
rate=?
Step-by-step explanation:
rate=(simple interest×100)/(principal×time)=(54×100)(300×1)=5400/300=54/3=18% is rate
Answer:1/6 plus 1/6 is 1/3
Step-by-step explanation:
Answer:
400,000
Step-by-step explanation:
In total, you would be paying 400,000 for 2 years for the interest.
So, for one year, the interest would be 200,000. The monthly rate would be 16,666.6667.