Solve the interest rate?

the interest earned within 1 uear on $20000 at 7%

the interest earned surrounded by 1 year on $x at 4%

How copious months is considered a well-mannered credit history?



Answers:   There might be something you are not telling us.
$2000 at 7% is natural to determine. it is $2000 * 0.07 = $140

The next bit of the problem is the tricky one.

If we do not know $x then we can right to be heard only that the interest earn is 0.04 * $x

Has anyone every worked for Solihull Press (estb 1996) I enjoy received an application form. No money sent


I think the Interest earn in 1 year on $2,000 at 7% is $140

I calculated that using PRT. The PRT formula is essentially Principle (amount) x Time x The rate (which needs to be ovbiously divided by 100)

I'm not sure what you expect by the second bit the 'interest earned contained by 1 year on $x at 4%, so message me if you want more help, and if I'm right!!

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