If a business borrows $20,000 and repays $29,200 in 4 years, what is the simple interest rate?

asked Jul 2, 2021 182k views

4 votes

by FvB

6.9k points

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4 votes

Answer:

11.5

Explanation:

r= SI×100

_______

P×T

= 9200×100

_________

20000×4

= 920000

________

80000

Zaher answered Jul 8, 2021

by Zaher

7.4k points

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