Sandra took a loan of $25,000 and had to repay $29,500. at the end of 3years. At what rate of interest did she get that loan
I = PRT
4,500 = 25,000 * R * 3
4,500 = 75,000R
0.06 = 6% = R
4,500 = 25,000 * R * 3
4,500 = 75,000R
0.06 = 6% = R