poohbearelm44 poohbearelm44

20-03-2018
Mathematics

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if $420 yields $31 in simple interest over 30 months what is the annual rate

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zrh2sfo zrh2sfo

20-03-2018

Simple interest=Principal*Rate*Time
31=420*R*2.5 years
r =2.95%
Annual rate of interest=2.95%

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