At what rate of simple interest will 5000 bring an interest 2200 in 5 years and 6 months???
Answers
Answered by
4
Step-by-step explanation:
SI =P×R×T/100
2200= 5000×66×R/100*12
On solving ,we get R = 8%
Answered by
2
Answer:
Step-by-step explanation:
let the rate be r
si= p X r X t /100
time =5 year 6 months
=5 + 1/2
= 11/2 year
2200= 5000 X r X 11/2/100 =8 percent
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