Question

what percentage of simple interest returest reture must a firm get on their deposit if it wants its birr 25000 to grow to birr 26500 in 6 months?​

Answer 1

0.9759%

Explanation:

26500 = 25000x^6

solve for x

x = 1.009759

This means it increases by 0.009759 which is 0.9759%