Question:

Find the rate of interest if the principal of 5400 earns 117.45 in 3 months?

by  |  earlier

0 LIKES UnLike

Find the rate of interest if the principal of 5400 earns 117.45 in 3 months?

 Tags:

   Report
Answer The Question I've Same Question Too

1 ANSWERS

Sort By: Date  |  Rating

  1. Depends on the compounding period

    If compound period is monthly then Rate is 8.638%

    If compound period Semi-Annual  then Rate is 8.796%

    Using US Rule (simple interest no compounding) then the rate is 8.700%

You're reading: Find the rate of interest if the principal of 5400 earns 117.45 in 3 months?

Question Stats

Latest activity: earlier.
This question has 1 answers.

BECOME A GUIDE

Share your knowledge and help people by answering questions.
Register Now
Unanswered Questions