Asked by Fishy
                Hamish borrowed $5000 for 3 years. He paid $1650 simple interest. What was the rate of interest per annum?
            
            
        Answers
                    Answered by
            Kuai
            
    r = I/pt *100
r = 1650/(5000*3)
r = .11 or 11%
    
r = 1650/(5000*3)
r = .11 or 11%
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