katiesteer13 katiesteer13

20-07-2020
Mathematics

contestada

Please can someone help me

Please can someone help me class=

Respuesta :

gilbertazavedo72 gilbertazavedo72

20-07-2020

Answer: 9 %

Step-by-step explanation:

A loan of £8100 gains interest of £2187 in 3 years

The formula is

Where: r = (1/t)(A/P - 1)

Solving our equation:

r = (1/3)((10287/8100) - 1) = 0.09

r = 0.09

Converting r decimal to R a percentage

R = 0.09 * 100 = 9%/year

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