Answered

At Westonci.ca, we make it easy to get the answers you need from a community of informed and experienced contributors. Experience the ease of finding quick and accurate answers to your questions from professionals on our platform. Get immediate and reliable solutions to your questions from a community of experienced professionals on our platform.

PLEASE ILL MARK AS BRAINLIEST OR EXTRA POINTS DUE IN 10 MINUTES!

If the simple interest on 5,000 for 3 years is 1,200 then what is the interest rate

Sagot :

I=prt
1200=5000(3)r
1200=15000r
R=0.08
8% or 0.08
We appreciate your time on our site. Don't hesitate to return whenever you have more questions or need further clarification. Thanks for stopping by. We strive to provide the best answers for all your questions. See you again soon. Find reliable answers at Westonci.ca. Visit us again for the latest updates and expert advice.