MARGARITADELFINO04GO
Answered

principal amount 4,200 time 4 years simple interest php 252 ( with solution)
what is the rate?
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Sagot :

Answer: 1.5%

Step-by-step explanation:

Rate = ?

= ( 100 x Interest ) / ( Principle x time )

= (100 x 252) / ( 4200 x 4 )

= 25,000 / 16800

= 1.5

Answer = 1.5%

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