64010330
64010330 64010330
  • 01-03-2022
  • Mathematics
contestada

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 %.

Respuesta :

hb2677 hb2677
  • 01-03-2022

Answer:

1.57

Step-by-step explanation:

2000/8=250      250/160.67= 1.56

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