Question

If the interest on $5,000 is $1,000 at certain rate ,for a certain number of years, what could be the interest on $3,000 for same condition.​

Answer 1

Answer:

I = Interest Amount. r = Rate of Interest per year in decimal; r = R/100. R = Rate of Interest per year as a percent; R = r * 100. t = Time Period involved in months or years.

Step-by-step explanation:

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