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

How do you plot points on a graph?

0) 1) maine is home to almost 75,000 red foxes. the name "red fox" (vulpes vulpes), can be deceiving because they black, and even white (if albino), although re

who wants to do truth and. d

Who did Italy ally with in ww2?

What is a unitary system of government quizlet?

The table shows five transactions and the resulting account balance in a bank account, except some numbers are missing. Fill in the missing numbers. transactio

From the cool wells of the midnight air my spirit drank repose; the fountain of perpetual peace flows there, - from those deep wells flows. 8. where does this f

What is a unitary system of government quizlet?

The table shows five transactions and the resulting account balance in a bank account, except some numbers are missing. Fill in the missing numbers. transactio

How does data analysis influence a business or organization's decision making ability? It can help determine the probabilities of events that influence the rate