bisistakatuwal90 bisistakatuwal90
  • 11-07-2021
  • Mathematics
contestada

simple interest on certain principle is 1/5 of the amount in 5 yrs find rate.

​

Respuesta :

sqdancefan
sqdancefan sqdancefan
  • 11-07-2021

9514 1404 393

Answer:

  4%

Step-by-step explanation:

The simple interest formula can be used.

  I = Prt

where r is the annual rate and t is the number of years.

 1/5 = 1·r·5

 (1/5)/5 = r = 1/25 · 100% = 4%

The rate is 4%.

Answer Link

Otras preguntas

What two things must you know to find the momentum of an object? :( anyone?
The variables x and y are inversely proportional, and y=2 when x=3. What is the value of y when x=9?
4 times what number equals 204
Can some one help me with this??? Really need help
What two things must you know to find the momentum of an object? :( anyone?
sedimentation as a method of water purification results in what
How does thermal energy heat a house? What devices and systems are involved?
How do I solve 2 2/7 - 1 1/3
The planet Mercury measures 4,879 kilometers from one side to the other. Earth measures 12,756 kilometers from one side to the other. What is the difference b
What is the complete predicate of the following sentence? Sharon and Jason went for a walk and then a bike ride.