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%
There are no AI answers yet. The ability to request AI answers is coming soon!
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.