64010330IN 64010330IN

Mathematics

Answered

Find the annual interest rate. Round your answer to the nearest hundredth of a percent.

I=$160.67, P=$2000, t=8 months
The annual interest rate is %.

Answer :

HB2677IN HB2677IN

Answer:

1.57

Step-by-step explanation:

2000/8=250 250/160.67= 1.56

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