mahibahmohammad36 mahibahmohammad36
  • 24-02-2022
  • Mathematics
contestada

$500 earn $30 interest in 5 years. Find the interest rate.
please show your steps!

Respuesta :

madilynnlipp47 madilynnlipp47
  • 24-02-2022
1.2%

I=p•i•t
i=I/p•t
i=30/500•5
i=0.012=1.2% per year




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