15,000 amounts to R 25,800 in 8 year
at simple interest. The rate of
interes will be.
Answers
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Step-by-step explanation:
SI= PTR/100
R=SI×100/PT
P=15000
SI= 10800
T=8 yrs
R=?
Therefore,
R=SI×100/PT
=10800×100/15000×8
=1080000/120000
=9
The rate of interest is 9%
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