Tuesday
March 28, 2017

Post a New Question

Posted by on .

Ok my last question for this Interest stuff Woo! Ok this is the question:

What is the annual interest rate if $1600 is invested for 6 years and $456 in interest is earned?

  • Adv. Math - ,

    Assuming compound interest with a period of 1 year, the annual rate would be 4.3%

  • Adv. Math - ,

    Annual Interest Rate =((1600/456)/6 )* 100
    = 4.75%

Answer This Question

First Name:
School Subject:
Answer:

Related Questions

More Related Questions

Post a New Question