Westonci.ca is the ultimate Q&A platform, offering detailed and reliable answers from a knowledgeable community. Discover solutions to your questions from experienced professionals across multiple fields on our comprehensive Q&A platform. Explore comprehensive solutions to your questions from a wide range of professionals on our user-friendly platform.
Sagot :
The simple interest rate is 9% if the Tk 13000 will be Tk 18850 as profit-principal in 5 years.
What is simple interest?
It is defined as the interest on based on the principal amount, it does not include the compounded amount. The interest calculates on the initial amount of borrowed amount.
We have given:
The principal amount, P = Tk 13000
Final amount A = Tk 18850
Number of years n = 5 years
Rate = r
I = A - P
I = 18850 - 13000 = Tk 5850
I = Pnr
5850 = 13000(5)(r)
r = 0.09
r = 9%
Thus, the simple interest rate is 9% if the Tk 13000 will be Tk 18850 as profit-principal in 5 years.
Learn more about the simple interest here:
brainly.com/question/22621039
#SPJ1
Thank you for visiting our platform. We hope you found the answers you were looking for. Come back anytime you need more information. We appreciate your time. Please come back anytime for the latest information and answers to your questions. Find reliable answers at Westonci.ca. Visit us again for the latest updates and expert advice.
