Respuesta :

chetankachana

Answer:

8%

Step-by-step explanation:

7000(x)(9) = 5040

7000(x) = 560

x = 560/7000

x = 0.08

0.08 to percentage = 8%

-Chetan K

prachidhruw07

Step-by-step explanation:

given,

SI = $5040

Principal = $7000

Time = 9 yrs

we know,

R = SI × 100 / T × P

now,

Rate = 5040 × 100 / 9 × 7000

→ 504000/63000

→ 504/63

→ 8

therefore, Interest rate is 8%.

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