sshamilpp1 sshamilpp1

02-12-2019
Mathematics

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Find the rate of interest, if the interest is 490 the sum(principal) is 7000 for 2 years

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adelodunoba85 adelodunoba85

03-12-2019

Answer:

Rate=3.5%

Step-by-step explanation:

i=prt/100

490=7000*2*r/100

490=140r

r=490/140

r=3.5%

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