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Answered

what is rate of 4,200.00
time:4 years
simple interest:252.00​

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KIZUNAHIGHIN

SIMPLE INTEREST

Given

  • Interest (I) = 252.00
  • Time (T) = 4 years
  • Principal Amount (P) = 4,200.00
  • Interest Rate (R) = ?

R = I / PT

R = 252.00 / (4,200.00)(4)

R = 252.00 / 16,800.00

R = 0.015 or 1.5%

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