Respuesta :
Answer:
The rate of simple interest is 2%
Step-by-step explanation:
The Principal (P) amount borrowed = $155
Time = 1 year
The simple Interest after 1 year = $3.10
Let R = Rate of interest
Now, SIMPLE INTEREST = [tex]\frac{P \times R \times T}{100}[/tex]
⇒ [tex]3.10 = \frac{155 \times R \times 1}{100}[/tex]
or, R = (3.10 x 100) / 155 = 310 / 155 = 2
⇒ R = 2%
Hence, the rate of simple interest is 2%
Answer:
B) 35x + 15 = 155
E) It will take 4 months to pay off the debt.
Hope this helps you!
Step-by-step explanation:
