karinafalk123 karinafalk123

25-03-2020
Mathematics

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Find the rate (R) if I =$900, P =$7500, and T =2 years. R=

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abiolatolu90 abiolatolu90

25-03-2020

Answer:

The rate is 6%

Step-by-step explanation:

I = $900, P = $7500 and T = 2 years

I = PRT/100

900 = (7500 × R × 2)/100

900 × 100 = 15000R

90000 = 15000R

Divide both side by 15000

R = 90000/15000

R = 6%

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