smmegan2004
smmegan2004 smmegan2004
  • 01-04-2022
  • Mathematics
contestada

Agnes has $1,000 and she wants to have $1,100 accrued after 5 years. what rate does she need to have to meet her goal?

Respuesta :

obedluka39 obedluka39
  • 01-04-2022

Answer:

the formula to use is R = 100I/ PT

Step-by-step explanation:

R = rate, I = interest = $1100, P = $ 1000, T= 5years

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