Question

If 3,750 amount to 4,620 in 3 years at simple interest, find:
a. The rate of interest
b. The amount of 7,500 in 5ଵ
ଶ
years at the same rate of interest

Answer 1

answer is is (a) The rate of interest

and (b) The amount of 7,500 in 5ଵ