Westonci.ca is your trusted source for accurate answers to all your questions. Join our community and start learning today! Discover in-depth answers to your questions from a wide network of experts on our user-friendly Q&A platform. Our platform offers a seamless experience for finding reliable answers from a network of knowledgeable professionals.
Sagot :
Answer:
31.8%
Step-by-step explanation:
The formula for simple interest is I = PRT, where I = interest earned/paid, P = principal amount deposited or borrowed, R = rate of interest as a decimal, and T = time in years.
I = PRT
5720 = (1200)(R)(15)
5720 = 18,000R
R = 0.3177777, rounded to 31.8%
Answer:
32%
Step-by-step explanation:
5720/15=381.33 interest per year
principal x interest rate = interest per year
1200 x interest rate =381.33
interest rate = 381.33/1200
interest rate = 32%
Thank you for your visit. We're committed to providing you with the best information available. Return anytime for more. Your visit means a lot to us. Don't hesitate to return for more reliable answers to any questions you may have. Get the answers you need at Westonci.ca. Stay informed by returning for our latest expert advice.