chrissann chrissann

28-03-2020
Mathematics

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The simple interest on a loan of $6000 for 3 years was $900. What was the rate of interest per annum

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peanut2622 peanut2622

29-03-2020

Answer:

5%

Step-by-step explanation:

900/3=300

300/6000=0.05

0.05=5%

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