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Hi:) I need help with this :/ i don’t understand it sjjsj thanks

Hi:) I need help with this :/ i don’t understand it sjjsj thanks-example-1
User Brombomb
by
8.3k points

2 Answers

2 votes

Answer: hope this helps found it online.

Explanation:

Hi:) I need help with this :/ i don’t understand it sjjsj thanks-example-1
User Jake Sylvestre
by
7.6k points
2 votes

Answer:

7.875

Explanation:

Formula for rate is

r =
(i)/(pt)

where i is the interest, 1989 - 1800 = 189

p = 1800, t = (9/12).

r = (189 x 9)/ (1800 x 12)

r = 1701/21600

r = 0.07875 or 7.875%

User Marco Birchler
by
7.5k points

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