Question

A sum of $46,875 was lent out at simple interest for 1 year 8 months. If the total amount was $50,000, then find the rate of interest per year.

Answer 1

Answer:

4℅

Step-by-step explanation:

4%

A=P(1+it)

50,000=46,875(1×i×1

12

8)

i=0.04; rate =4%

Answer 2

The ans is

4125

Thank you
Regards Rishit
Bye bye