Need the answer to the question : What annual rate of interest would you have to earn on an investment of $4500 to ensure receiv
ing $333.00 interest after 1 year ?
1 answer:
To find the annual rate of interest, here's what we need to do:

In this case:
333/4500 x 100%
=37/500 x 100%
=7.4%
Therefore the answer is 7.4%.
Hope it helps!
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