shamonawodoe shamonawodoe
  • 26-02-2017
  • Mathematics
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The simple interest on a loan of $6000 for 3 years was $900. what was the rate of interest per annum? Please help :)

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Aliwohaish12
Aliwohaish12 Aliwohaish12
  • 26-02-2017
R=i/pt
R=900/6000*3=0.05*100=5%
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