Answered: The exact simple interest of P5100…

The exact simple interest of P5100 invested from June 21, 1992 to December 25, 1995 is P1,771. What is the rate of interest in %? Express your answer in 2 decimal places.

Holt Mcdougal Larson Pre-algebra: Student Edition 2012

1st Edition

ISBN:9780547587776

Author:HOLT MCDOUGAL

Publisher:HOLT MCDOUGAL

Chapter7: Percents

Section7.7: Simple And Compound Interest

Problem 1C

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The exact simple interest of P5100 invested from June 21, 1992 to December 25, 1995 is P1,771. What is the rate of interest in %? Express your answer in 2 decimal places.

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