voidcrook voidcrook

19-11-2020
Mathematics

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1.Calculate the Interest Rate

Interest: $38.88
Principal: $72
Time: 3 years
a. 18
b. 19.2%
c. 24%
d. 26.1%

Respuesta :

mhanifa mhanifa

19-11-2020

Answer:

a. 18%

Step-by-step explanation:

Interest: $38.88

Principal: $72

Time: 3 years

Interest rate = x

72*3x = 38.88
216x = 38.88
x = 38.88/216
x = 0.18 = 18%

Correct choice is a. 18%

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