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The simple interest on $15,000 for 4 years is $8, 100. Calculate the rate percent per annum.​
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The simple interest on $15,000 for 4 years
is $8, 100. Calculate the rate percent per annum.​

User Alexander Sulfrian
by
4.2k points

1 Answer

2 votes

Answer:

13.5%

Explanation:

8100 interest/4 years=2,025 interest per year

principal x interest rate=interest per year

15000 x interest rate=2025

interest rate =2025/15000

interest rate=.135 or 13.5%

User Alan Omar
by
4.1k points
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