Question

at what rate per anumm will 4500 amount to 5850 in 5 years​

Answer 1

Answer:

6%

Step-by-step explanation:

S.I. = A - P

S.I. = 5850 - 4500 = 1350 = S.I.

R = (S.I. × 100) ÷ (P × T)

R = (1350 × 100) ÷ (4500 × 5)

R = 1350 ÷ (45 × 5)

R = 270 ÷ 45

R = 6%

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