Question

At what rate percent per annum will $630 produce an interest of $126 in 4 years ( please show with steps)​

Answer 1

Answer:

We have to calculate rate when,

P=Rs630

T=4yrs

Interest=Rs126

We know that,

Interest=Ptr÷100

So,

126=630×4×r÷100

126=126r÷5

126×5=126r

126×5÷126=r

r=5

Hence, rate =5%

Step-by-step explanation:

Answer 2

see the above snap

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