michelleangel73 michelleangel73

Today at 5:22 PM
Mathematics

Answered

What rate percent per annum will $200 yield $25 interest in 2½ years
a. 10%
b. 5%
c. 4%
d. 4.5%

Answer :

michaelhappiness710 michaelhappiness710

Today at 5:28 PM

Answer:

5%

Step-by-step explanation:

P=$200

T= 2½ years

S.I=$25

R= ?

S.I = P×R×T/100

25= 200×R×5/2×100

25= 1000R/200

25=5R

R=25/5

R=5%

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