Find the rate if the principal is $900, the time is 3 years, and the interest is $135. A) 5% B) 7.5% C) 15% D) 20%

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Mathematics

22 March, 01:42

Find the rate if the principal is $900, the time is 3 years, and the interest is $135. A) 5% B) 7.5% C) 15% D) 20%

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Wesley Cole · Answer 1

The answer would be A) 5%. You can solve this by dividing 135$ by three years to get 45. then divide 45 by 900 to get 0.05 which is 5% in decimal form.