math equation solve
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Answer:
SI = PRT
46,200 = 44,000 ×R ×1/2
46,200 = 22,000 ×R
R = 46,200/ 22,000
R = 2.1
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Given :-
Deposit- $ 44,000
Time = 6 Months
Amount= $ 46,200
Rate = ?
Solution:
Amount deposited = 44,000
He received the amount of money after 6 months = 46 ,200
Simple Interest = 46,200-44,000=2,200
Principal = $44,000
Interest = $ 2200,
Time = 6 months
Rate = (100 × Interest)/(Principal × Time)
= (100 × 2200)/(44,000× 6)
= 0.83 %
(Nearest to two decimal place)
Therefore, Rate = 0.83 %.
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