judyritts27 judyritts27

12-02-2022
Mathematics

contestada

investment after 20 years equals 130000. original investment was 50000. What was the interest rate?

Respuesta :

johnpaulike6 johnpaulike6

14-02-2022

Step-by-step explanation:

The formula states that

S. I=P*R*T/100

R=S. I*100/P*T

Simple Interest= Amount - principal

Simple Interest = 130000 - 50000

Simple Interest = 80000

R= 80000*100/50000*20

R= 800000/100000

R=8%

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