0.0392 or 3.92%
The exponential growth formula can find the interest rate.
y - tolat value (P +I) (216)
a - principal (200)
r- rate (unkown)
x - time in years (2 yrs)
Substitute known values
divide both sides by 200
take the square root of both sides
subtract 1 on both sides
r = 0.0392 or 3.92%
Hello!
To find the price of one marker you divide the price paid by the amount of markers bought
6 / 20 = 0.30
A marker cost $0.30
The answer is $0.30
Hope this helps!
0.04, just divide 4 by 100
