Question

Use I = PRT to solve.

Answer 1

Answer: 11%

Explanation:

Since the formula for interest is:

I = PRT

where.

P = 1200

I = 99

T = 0.75

I = PRT

R = I/PT

R = 99/(1200 × 0.75)

R = 99/900

R = 11%

Therefore, the rate is 11%