Question
the simple interst on $480 after 2 years is $72. the rate percent per annum is
Answers
Ms. Sue
I = PRT
72 = 480 * R * 2
72 = 960R
72 / 960 = R
0.075 = 7.5% = R
72 = 480 * R * 2
72 = 960R
72 / 960 = R
0.075 = 7.5% = R