popt2862 popt2862

03-12-2019
Mathematics

contestada

Find the rate of interest, if the interest is 490 the sum(principal) is 7000 for 2 years. Please use this formula for this answer Interest = principalrate of interesttime/ 100

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surjithayer10otahza surjithayer10otahza

05-12-2019

Answer:

Step-by-step explanation:

rate of interest=(interest×100)÷(principal×time)

=(490×100)÷(7000×2)=3.5 %

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