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shamonawodoe shamonawodoe
  • 26-02-2017
  • Mathematics
Answered

The simple interest on a loan of $6000 for 3 years was $900. what was the rate of interest per annum? Please help :)

Verified Answer :

Aliwohaish12
Aliwohaish12 Aliwohaish12
  • 26-02-2017

R=i/pt
R=900/60003=0.05100=5%

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