Question

The simple interest of 6240 for 2 years becomes

546 then the rate is:​

Answer 1

Answer:

17.5 is the rate percent

Answer 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