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Review Numbers & Money Exchange│ Unit11231-What is the interest rate of a loan of BHD2680, If BHD636.500 interest is paidthe loan duration is two years and six months?2-Find the simple interest rate of a BHD5000 loan that is made for three years and requires BHD1762.500 in interest.3-Yasir borrowed BHD 6000 for 3.5years and paid BHD2800simple interest.What was the annual interest rate?Exercises4-5-2:Solution(2):SI = P × R ×T202.500 = 1,800 × R ×1.5202.500 = R × 2,700R= 𝟐𝟎𝟐.𝟓𝟎𝟎𝟐,𝟕𝟎𝟎R = 0.075 ×100R = 7.5%annuallySimple Interest│ Unit 4
