Answers

2015-10-16T23:49:23+08:00
Given Principal: 500, 000 Interest: 124, 300 Time: 5 years Rate:? Interest (I)=PRINCIPAL(P)*RATE(r)*TIME(t) since the unknown is rate We will formulate the formula r=I/ Pr And substitutes the formula r=124, 300/500, 000(5) r=1.24*100 % r=124%
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