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

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

Say the marginal tax rate is 30 percent and that government expenditures do not change with output. Say also that the economy is at potential output and that th

President Wilson’s policy of Moral Diplomacy concentrated on building?

The sum of Jim's weight and Bob's weight is 180 pounds. If you subtract Jim's weight from Bob's weight, you get half of Bob's weight. How many pounds does Bob w

PLEASE HELP ME TO COMPLETE THIS QUESTION

3. When Antoine or Adriane is halfway to the top of the Ferris wheel, what is his or her elevation? (Use the diameter of the Ferris wheel to determine the corre

In the diagram, q1= +8.0 C, q2= +3.5 C, and q3 = -2.5 C. q1 to q2 is 0.10 m, q2 to q3 is 0.15 m. What is the net force on q2? Label sign for charges (+ or -). (

PLEASE HELP!!!!Look at the image, read the sentence and question, and choose the option with the correct answer to the question. La prima de Jason tiene el pelo

Identify the ventez of the graph. Tell whether it is a minimum or maximum.

Two long, parallel wires are separated by a distance of 2.60 cm. The force per unit length that each wire exerts on the other is 4.30×10^−5 N/m, and the wires r

Input a list of positive numbers, find the mean (average) of the numbers, and output the result. Use a subprogram to input the numbers, a function to find the m