jypavon
jypavon jypavon
  • 02-04-2017
  • Mathematics
contestada

Find the annual interest rate. Round your answer to the nearest hundredth of a percent. I=$160.67, P=$2000, t=8 monthsI=$160.67, P=$2000, t=8 months

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Aliwohaish12
Aliwohaish12 Aliwohaish12
  • 03-04-2017
R=i/pr

R=160.67/2000*(8/12))*100
R=12.05%
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