Question

find interest and rate for the following cases principal 1200 amount 1230 time 146 days​

Answer 1

Step-by-step explanation:

First of all There are two types of intrest: Simple Intrest and Compound Interest.

Simple Interest: P×R×T

or, 1200× R× 146 = 1230

or, 146R = 1230/1200or, 615/600 or, 205/200or,

41/40

or, 41/40 ÷146 = R

or, Rest You Can do on your Own!!!!

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