jim weighs more than joe but less than jack. Their weights in kilograms are consecutive by multiples of 7. If they each weighed
1 answer:
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Answer:
5.1% (nearest tenth)
Step-by-step explanation:
<u>Annual Compound Interest Formula</u>
where:
- A = final amount
- P = principal amount
- r = interest rate (in decimal form)
- t = time (in years)
Given:
- A = $2,209
- P = $2,000
- t = 2 years
Substitute the given values into the formula and solve for r:
Therefore, the annual interest rate is 5.1% (nearest tenth)