ngozikandumele ngozikandumele

03-04-2021
Mathematics

contestada

if a man got 10 Naira at the end of 6 months as interest on a loan of 375 naira,what rate of interest was charged

Respuesta :

swekshyakarna738 swekshyakarna738

03-04-2021

Answer:

5.33% rate

Step-by-step explanation:

so here the principle(P) is 375 Naira

time(T) = 1/2 (half year)

Interest (I)= 10 Naira

rate (R)= ?

we have a formula

I =(PTR)/100

or, R =(I×100)/(PT) = (10×100)/(375×0.5)= 5.33%

Answer Link

Otras preguntas

The surgical removal of the seminal vesicles would likely _____. the surgical removal of the seminal vesicles would likely _____. cause sterility because sperm

An electronics store has two options for liquidating televisions that have not sold. Option 1: decrease the price of each television by 5% each month Option 2:

One solution to a quadratic function, f, is given below. √7 + 5i Which of the following statements is true about the given function? 1) The other solution to fu

Which statement about the best estimation strategy for this problem is correct? Ms. Levy paid $189 for a hotel room and she bought two concert tickets priced at

Why was Birmingham chosen as the site for a major civil rights campaign?

a commanding officer gives a soldier an order that he knows the soldier would rather not obey. according to the findings of the milgram obedience experiments,

One impact of televising the national conventions is that ______.

A fence must be built to enclose a rectangular area of 45 comma 000 ftsquared. fencing material costs $ 1 per foot for the two sides facing north and south and

Please help meeeeeeee

round 14.10673598 to hundredth