Problema Solution
Juanita and Carlos borrowed $4800 at a simple interest rate of 11% for a period of 2 years. What was the interest?
Answer provided by our tutors
4800$ at interest of 11% for a period of 2 yrs
so
we know that
simple intrest = prt/100 = 4800 * 11 * 2 /100 = 1056$...answer