jacobwright218
jacobwright218 jacobwright218
  • 28-03-2017
  • Mathematics
contestada

What is the annual interest rate if $1600 is invested for 6 years and $456 in interest is earned?

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Aliwohaish12
Aliwohaish12 Aliwohaish12
  • 28-03-2017
R=i/pt
R=456÷(1,600×6)
R=0.0475*100==4.75%
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kbraden202
kbraden202 kbraden202
  • 28-09-2018

ur answer is 4.75 hope this helped u

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