sofiefreeman sofiefreeman

19-03-2020
Mathematics

contestada

find annual simple interest rate
I=$426, P=$1200, t=5 years

Respuesta :

tomkrajewski3 tomkrajewski3

05-04-2021

Answer:

7.1% interest rate per year

Step-by-step explanation:

426 divided by 1200= 0.355

0.355= total interest gained

0.355 divided by 5 years = 7.1% a year

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