Math, asked by mumbi789joy, 7 months ago

makena borrowed sh 16000 from a bank that charged simple interest .At the end of the year this money had amounted to sh 18400 at what rate per annum was the simple interest charged steps

Answers

Answered by mhanifa

0

Answer:

15%

Step-by-step explanation:

Sum is- 16000

Sum+interest - 18400

Interest = 18400 -16000= 2400

Interest rate= 2400/16000*100%= 15%

The answer is 15%

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