Problema Solution
If $9000 grows to $10,440 in 2 years, find the simple interest rate
Answer provided by our tutors
If $9000 grows to $10,440 in 2 years, find the simple interest rate
Interest =10440-9000
=1440.
interest rate =1440*100/9000*2.
=8%.
If $9000 grows to $10,440 in 2 years, find the simple interest rate
If $9000 grows to $10,440 in 2 years, find the simple interest rate
Interest =10440-9000
=1440.
interest rate =1440*100/9000*2.
=8%.