Asked by indira
Sandra took a loan of $25,000 and had to repay $29,500. at the end of 3years. At what rate of interest did she get that loan
Answers
Answered by
Ms. Sue
I = PRT
4,500 = 25,000 * R * 3
4,500 = 75,000R
0.06 = 6% = R
4,500 = 25,000 * R * 3
4,500 = 75,000R
0.06 = 6% = R
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