Math, asked by eimedynah, 1 month ago

i invested $300 for 5 years and received $52.50 simple interest. what was the rate of interest?

Answers

Answered by beenamanu

0

Answer:

300 x 5 x Rate /100= 52.50

Rate/100 = 52.50 /1500

Rate = 0.035 x 100 = 3.5 %

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