Question 5 Find the interest rate for a principal of $6570 and charged $30105 in interest for 12 years. The Formula is I PT x 100 Take the interest divide by the principal then divide by the years then

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Pankar asked Dec 21, 2023

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28 votes

Question 5

Find the interest rate for a principal of $6570 and charged $30105 in interest for 12 years.

The Formula is
I
PT
x 100
Take the interest divide by the principal
then divide by the years
then times by 100
Round your answer to 1 decimal place.

Mathematics
college

Pankar asked Dec 21, 2023

by Pankar

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1 Answer

23 votes

Answer:

R=i

Explanation:

R=i×100÷p×t

r=30105×100÷6570×12

r=3010500÷78840

r=38.18

Olee answered Dec 27, 2023

by Olee

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