Question

P=*6,390, Interest=*1054.35, Time = 3 years, Rate=?
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Answer 1

PLEASE TYPE FULL QUESTION..

Answer 2

Answer:

p=principal, r = rate of interest, n=time

$i = \frac{p \times r \times t}{100}$

so,

need to find the r tha is rate of interest

so,

input the value in the formula

$\frac{1054.35 \times r \times 3}{100}$

$r = \frac{1054.35 \times 3}{100}$

$= \frac{3163.05}{100}$

so,

$r = 31.6305$

Step-by-step explanation:

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