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Calculate the rate of interest if sh. 9000 earns sh. 1000 after sh. 9000 earns sh. 1000 after 1 ½ years.

Calculate the rate of interest if sh. 9000 earns sh. 1000 after sh. 9000 earns sh. 1000 after 1 ½ years.

Answers


joseph
I = PRT/100
1000 = 9000 x R% x 1.5
R = 7.4%

joseph rimiru answered the question on November 16, 2017 at 06:43

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