NATIGAMERPRO NATIGAMERPRO

30-05-2021
Mathematics

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The simple interest on 400 invested for 4 month was 12.what is the yearly rate of interest

Respuesta :

drmallery drmallery

30-05-2021

Answer:

9%

Step-by-step explanation:

If you get 12 for 4 months, then you get 36 for the year/12 months

Annual interest is $12 x 3 Months =36

36/400=9%.

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