Math, asked by kanhaiya4252, 26 days ago

The simple interest on $1600 for 3 years was $108. What was the rate percent

Answers

Answered by DeepikaPolisetty

0

Answer:

2.25%

Step-by-step explanation:

principal = 1600

Time = 3

SI = 108

R% = ?

SI = PTR/100

R = (SI * 100)/PT

= (108 * 100)/1600*3

= 2.25%

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