JeffH47 JeffH47
  • 23-02-2017
  • Mathematics
contestada

Find the annual interest rate. Round your answer to the nearest hundredth of a percent.
I = $160.67, P = $2000, t = 8 months
The annual interest rate is %

Find the annual interest rate Round your answer to the nearest hundredth of a percent I 16067 P 2000 t 8 months The annual interest rate is class=

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jaemc
jaemc jaemc
  • 23-02-2017
160.67 = 2000*8*r
So 160.67 = 16000r
Then divide 16000 on both sides 160.67/16000 =r/16000
0.01=r
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