Mr. Sun borrowed $15,600 for 54 months at simple interest to pay for a new swimming pool. If Mr. Sun paid the bank a total of $21,567.00, what was the simple interest rate of the loan?

Given:

Mr. Sun borrowed $15,600 for 54 months at simple interest.

Mr. Sun paid the bank a total of $21,567.00.

To find:

The rate of simple interest.

Solution:

We know that,

12 months = 1 year

1 month = year

54 months = year

54 months = 4.5 years

Simple interest is:

Formula for simple interest is:

Where, P is principal, r is the rate of interest in percent and t is the number of years.

Putting , we get

Therefore, the rate of simple interest is 8.5%.

its c or d   take a lucky guess my dude

the formula for the equation of a circle is (x – h)2+ (y – k)2 = r2, where (h, k) represents the coordinates of the center of the circle, and r represents the radius of the circle. if a circle is tangent to the x-axis at (3,0), this means it touches the x-axis at that point.