Find the rate of interest, if the interest is 490 the sum(principal) is 7000 for 2 years

asked Feb 23, 2020 138k views

1 vote

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3 votes

Answer:

Rate=3.5%

Explanation:

i=prt/100

490=7000*2*r/100

490=140r

r=490/140

r=3.5%

SMKrizan answered Feb 27, 2020

6.4k points

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