Math, asked by pragx974, 10 months ago

The simple interest on a loan of $6 000 for
3 years was $900. What was the rate of
interest per annum?

Answers

Answered by chocolategirl2

7

Let be the rate as R.

S.I=P×R×T/100

ru.900=ru.6000×R×3/100

ru.900=ru.180×R

R=900/180

R=5percent

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