The simple interest on 400 invested for 4 month was 12.what is the yearly rate of interest

asked Jan 26, 2022 28.2k views

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4 votes

Answer:

Explanation:

If you get 12 for 4 months, then you get 36 for the year/12 months

Annual interest is $12 x 3 Months =36

36/400=9%.

Arslan answered Feb 2, 2022

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