Answer:
Step-by-step explanation:
<h3>Given</h3>
<u>The equation for simple interest:</u>
<u>And values</u>
<h3>Solution</h3>
<u>Interest amount is</u>
<u>Solving for annual interest rate</u>
- 160 = 2000*2r
- 160 = 4000r
- r = 160/4000
- r = 0.04
- 0.04*100% = 4%
Annual interest rate is 4%
Answer:
Your answer is E.
Step-by-step explanation:
What about it that is not a question