Math

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What is the annual interest rate if $1600 is invested for 6yrs. and 456 in intrest is earned

  • Math -

    I = r*t*Po = $456.
    r*6*1600 = 456,
    9600r = 496,
    r = 0.0475 = 4.75% = APR.

  • Math -

    15525

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