Respuesta :

Answer:

The interest rate is 0.30%.

Step-by-step explanation:

Decimal = 0.0030

The interest rate is out of 100.

So multiply the decimal by 100 and divide by 100 to get the interest rate.

0.0030 * 100

------------------- = 0.30/ 100

100

So the interest rate is 0.30%.

Hope you will understand the concept.

Thank you.

Answer: Interest rate would be 7.2%.

Step-by-step explanation:

Since we have given that

Least factor = 0.0030

We need to find the interest rate:

To get interest rate from least factor, we need to multiply the least factor with 2400.

so, it becomes,

[tex]0.0030\times 2400\\\\=7.2\%[/tex]

Hence, Interest rate would be 7.2%.

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