scarvado scarvado

12-06-2018
Mathematics

contestada

Find the annual interest rate. I= $50 P= $625 t= 4 years

Respuesta :

altavistard altavistard

16-06-2018

$50 = $625 (r)(4), so r = 50 / (4*625) = 0.02. This is 2% annually.

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