prencipal 161.500
interes rate 5%
time 4 years
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prencipal 161.500
interes rate 5%
time 4 years
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Answer:
The simple interest rate is 12.5% for the principal to earn 50% in 4 years.
Step-by-step explanation:
Interest = (Principal) (Rate) (Time)
Principal: x
Interest: 50% of the principal or 0.5x
Time: 4
0.5x = (x) (R) (4)
0.5x = 4x(R)
R = 0.5x/4x
R = 0.125
Rate in percent = 0.125 × 100
Rate = 12.5%
Step-by-step explanation:
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