ngozikandumele ngozikandumele
  • 03-04-2021
  • Mathematics
contestada

if a man got 10 Naira at the end of 6 months as interest on a loan of 375 naira,what rate of interest was charged

Respuesta :

swekshyakarna738
swekshyakarna738 swekshyakarna738
  • 03-04-2021

Answer:

5.33% rate

Step-by-step explanation:

so here the principle(P) is 375 Naira

time(T) = 1/2 (half year)

Interest (I)= 10 Naira

rate (R)= ?

we have a formula

I =(PTR)/100

or, R =(I×100)/(PT) = (10×100)/(375×0.5)= 5.33%

Answer Link

Otras preguntas

How did the colonies (United States) change after the treaty?
describe the historical background and contribution of red cross​
How to estimate to the nearest tens 671×32
An airplane flying with the wind takes 2 hours to travel a distance An airplane flying with the wind takes 2 hours to travel a distance of 540 miles. The return
what is matter made of?​
How much time has passed from the first clock to the second clock?
What is the charge of the nickel ion in Ni(CIO3)3 if chlorate, ClO3-, has a charge of 1- ?*
Do you know any other alternative therapies like yoga, acupressure,head massage or aromatherapy?
she has to write an essay change in negative ​
Giving brainiest please answer asap What are enzymes AND why are they needed for photosynthesis and cellular respiration? (Explain)