Question

what rate gives $ 5040 as interest on a sum of $ 48000 in 3 years
OR PLEASE PURA SOLUTION DANA ​

Answer 1

Answer:

THE RATE% IS 3.5%

Step-by-step explanation:

PARAMETERS GIVEN,

PRINCIPALL=$48000

TME= 3 YEARS

RATE = x%

SI  = $5040

SO,

WE KNOW,

SI = PRT/100

5040 = (48000*x*3)/100

5040=480*3*x

x=5040/(480*3)

x=3.5%

I HOPE YOU UNDERSTOOD THE QUESTION!!!