Question

At what rate will $ 3000 yield simple interest of $ 780 for 4 years ?​

Answer 1

Step-by-step explanation:

Given,

( p) = $ 3000

(SI) = $ 780

(T) = 4 years

(R) = ?

we know the formula,

SI = ( p×T× R) /100

780= ( 3000×4×R)/100

780= 12000R/100

78000= 12000 R

R = 78000/12000

R =6.5 ℅ answer

Answer 2

Answer:

6.5%

Step-by-step explanation:

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