yeboi8790 yeboi8790

02-03-2021
Mathematics

contestada

The simple interest on birr 400 invested for 4 month was birr 12. What is the annual/yearly rate of interest

Respuesta :

samuelonum1 samuelonum1

03-03-2021

Answer:

9%

Step-by-step explanation:

Given data

Principal= 400

time= 4 months

r= 12%

SI= 12

SImeple interest

12=PRT/100

susbstitute

12= (400*r*4/12)/100

12SI= 400*r*0.333/100

12=133.2r/100

cross multiply

1200= 133.2r

r= 1200/133.2

r= 9.009

Hence the rate is 9%

Answer Link

Otras preguntas

Geometry basics!! Help!!

Difference between warriors and soldiers scholarly journal

Which words in the sentence are the prepositional phrase? Our cousin is late for the concert. A. our cousin B. for the concert C. is late D. late

Identify and briefly describe three primary purposes of technical communication.

Which is not a class characteristic of a suspect's sneakers?

Consider the data on expected returns and betas for a variety of assets in the table below. what is the expected return on shares of omni consumer products inc.

The young woman whose fifth-grade teacher told her that "people from the country can't write" believed

What does it mean to say that two variables are negatively associated?

Rosalinda y yo _________ bajos.

Which of the following is not part of the state judicial system? a. court of appeals b. superior court c. supreme court d. U.S. District court