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This is another one yet do i not get? help!
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This is another one yet do i not get? help!

This is another one yet do i not get? help!-example-1
User Nienn
by
6.4k points

1 Answer

4 votes

Answer:

Rate of Interest is
20\%

Explanation:

Given that


I=\$ 300, P=\$3000

and T=0.5 years

To find rate of interest

We have I=PRT

Therefore


R=(I)/(PT)* 100


R=(300)/((3000)(0.5))* 100


=(1)/(10(0.5))* 100


=20\%

Therefore
R=20\%

Rate of Interest is
20\%

User Paras Santoki
by
6.1k points
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