Question

find the rate 6600 amounts to 6963 in 11 months​

Answer 1

Answer:

Other Investment Calculators

You can calculate Interest on your loans and investments by using the following formula for calculating simple interest: Simple Interest= P x R x T ÷ 100, where P = Principal, R = Rate of Interest and T = Time Period of the Loan/Deposit in years.

Answer 2

Answer:

6% p.a

Step-by-step explanation:

Amount = 6963

Principal = 6600

Time = 11/12 year (1 month = 1/12 year)

Interest = Amount - Principal

Interest = 6963-6600

Interest = 363

Interest = (P×R×T)/100

363 = (6600×R×11)/(12×100)

(363×12×100)/(6600×11) = R

6%p.a. = R