scarvado scarvado
  • 12-06-2018
  • Mathematics
contestada

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

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altavistard
altavistard altavistard
  • 16-06-2018
$50 = $625 (r)(4), so r =   50 / (4*625) =  0.02.  This is 2% annually.
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