Sequence and Series - Simple Interest
Sequence and Series - Simple Interest
Secondary 3
Harold has an investment account with an amount of \(\$25\ 000\) at simple interest for \(2\) years.
At the end of \(2\) years, this investment account became \(\$28\ 200\).
Calculate the simple interest rate per annum.
Solution:
Solution locked
680+ questions here come with free worked solutions. A free account saves your questions and progress; this one needs a course plan.
Create a free account to practise similar questions.
Answer:\(6.4\%\)
Need help? Join our E-Maths tuition for O-Level success.
Learn more