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notka56 [123]
2 years ago
8

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 ?
Mathematics
1 answer:
rewona [7]2 years ago
6 0

To find the annual rate of interest, here's what we need to do:

\frac{amount of investment}{interest recieved} \times 100

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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