Question
calculate the rate percentage per year if $3240 is paid as intrest on 12000 for 2 and a half years
Answers
Ms. Sue
I = PRT
3240 = 12,000 * R * 2.5
3240 = 30,000R
0.108 = 10.8% = R
3240 = 12,000 * R * 2.5
3240 = 30,000R
0.108 = 10.8% = R