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Find the annual interest rate I = $24, P = $400, t = 2 years

Find the annual interest rate I = $24, P = $400, t = 2 years
asked 53.1k views
1 vote
Find the annual interest rate

I = $24, P = $400, t = 2 years

asked
User Zxcat
by
8.6k points

2 Answers

5 votes

Answer: 3%

Explanation:

answered
User Ololo
by
9.3k points
4 votes

Answer:

rate = 24*100/(400*2) = 3%

Explanation:

answered
User Simon Brydon
by
8.1k points
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