poohbearelm44 poohbearelm44
  • 20-03-2018
  • Mathematics
contestada

if $420 yields $31 in simple interest over 30 months what is the annual rate

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zrh2sfo
zrh2sfo zrh2sfo
  • 20-03-2018
Simple interest=Principal*Rate*Time
31=420*R*2.5 years
r =2.95%
Annual rate of interest=2.95%
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