The simple interest of 6240 for 2 years becomes
546 then the rate is:
Answers
Answered by
0
Answer:
17.5 is the rate percent
Answered by
2
Answer:
4.37%
Step-by-step explanation:
p = 6420 rs T = 2yr
SI = 546 rs
SI = (p× r × t)/ 100
R = ( 546 × 100) / 6240 × 2
R = 4.375 %
hope it's helpful
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