1.Calculate the Interest Rate Interest: $38.88 Principal: $72 Time: 3 years a. 18 b. 19.2% c. 24% d. 26.1%

1 answer
Question:

1.Calculate the Interest Rate
Interest: $38.88
Principal: $72
Time: 3 years
a. 18
b. 19.2%
c. 24%
d. 26.1%

Answers

Answer:a. 18%Step-by-step explanation:Interest: $38.88 Principal: $72 Time: 3 yearsInterest rate = x72*3x = 38.88216x = 38.88x = 38.88/216x = 0.18 = 18%Correct choice is a. 18%

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