dheepty0103 dheepty0103

02-06-2021
Mathematics

contestada

Jean took out a 5- year car loan of Rs 600 000.
He paid back a total of Rs 840 000.
What simple interest rate did he pay for this load?

Respuesta :

02-06-2021

interest= 840000-600000= 240000

P= 600000

R=?

t= 5 yrs

I = prt

240000 = 600000 × r × 5

r= 240000/600000×5

r = 0.08

interest rate = 0.08× 100 = 8%

Answer Link

Otras preguntas

Which issue was at the heart of one of the compromises made between northern and southern states during the Constitutional Convention of 1787? western land clai

Which university was the scene of a tragic anti-war demonstration on May 4, 1970?

This famous hotel magnate was born December 25, 1887?

a volcano that is erupting or has shown signs of erupting in the near future is caled what?

A way to write numbers by using the digits 0-9 with each having a place value

How did the ancient Greeks represented fractions

for each question trent gets correct on each quiz, he earns 5 points. he can also earn an extra 15 bonus points on the quiz. which expression shows the total po

What automobile manufacturer was born on Christmas Day 1878?

A circular tabletop has a diameter of 6 feet. What is the area of the table top?

Breaking of rocks over time due to wind is?