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Sedaia [141]
4 years ago
7

What is the interest rate ?

Mathematics
1 answer:
SIZIF [17.4K]4 years ago
7 0
Let's solve it together.
r=(1/t)(A/P-1)
r=(1/5)((5994.79/4100)-1)=0.09242878
r=0.09242878
No0w0 convert to a percentage.
r=0.09242878×100
=9.2429%
Hope This Helps and God Bless!
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