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Find the Annual Interest Rate: r = I (Pt) ' 100 | = $310 P = $1000 t= 5 years

Find the Annual Interest Rate: r = I (Pt) ' 100 | = $310 P = $1000 t= 5 years
asked 138k views
4 votes
Find the Annual Interest Rate:

r =

I

(Pt)

'

100

| = $310

P = $1000

t= 5 years

asked
User Morganfree
by
7.9k points

1 Answer

1 vote

Answer:

interest is equal to the product of profit and the year. 5(1000)

answered
User DLeh
by
8.8k points
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