Answer:
Rate = 10%
Step-by-step explanation:
Given:
Amount deposit = 25,000
Amount get = 26,250
Time = 6 month = 6 / 12 = 0.5 year
Find:
Rate
Computation:
Interest = Amount get - Amount deposit
Interest = 26,250 - 25,000
Interest = 1,250
Interest = P x R% x T
1,250 = 25,000 x R% x 0.5
Rate = 10%
