Adv. Math
posted by Kenya .
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 
FredR
Assuming compound interest with a period of 1 year, the annual rate would be 4.3%

Adv. Math 
Gyanesh Jain
Annual Interest Rate =((1600/456)/6 )* 100
= 4.75%
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