Question

find the rate when principal-8250 SI-1100 time-2 years​

Answer 1

Answer:

R = 6.67%

Step-by-step explanation:

1. Write Formula

Simple Interest = $\frac{PTR}{100}$

2. Substitute using values given in Question

1100 = $\frac{8250 * 2 * R}{100}$

3. Evaluate

1100 x 100 = 8250 x 2 x R

110000=16500 x R

R = $\frac{110000}{16500}$

4. Derive answer

R = 6.67%

Have also attached its step-by-step working below.

Hope that helps!

41facd7e6d9763fcf591ec0ed73aaddd.pdf