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Find the annual interest rate. Round your answer to the nearest hundredth of a percent. I=$160.67, P=$2000, t=8 months

Find the annual interest rate. Round your answer to the nearest hundredth of a percent. I=$160.67, P=$2000, t=8 months
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Find the annual interest rate. Round your answer to the nearest hundredth of a percent.

I=$160.67, P=$2000, t=8 months

asked
User EinsA
by
7.6k points

1 Answer

6 votes
The answer to the interest rate is 1%
answered
User Vijikumar M
by
7.8k points
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