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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%
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