ezechinaza065 ezechinaza065

27-06-2021
Mathematics

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a trader borrowed 2500$ at a sumple interest at the end of 8 months he paid back $2500 find the rate

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rachelleamaze25 rachelleamaze25

27-06-2021

Answer:

8%

Step-by-step explanation:

Rate = 100×Interest ÷ Principal× Time

100× 2500/ 2500 × 8 = 800

800/100 = 8%

I hope this helps

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