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

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

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User Gordon True
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$50 = $625 (r)(4), so r =   50 / (4*625) =  0.02.  This is 2% annually.
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User Nathan BeDell
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