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morpeh [17]
3 years ago
10

What is the annual interest rate if $1600 is invested for 6 years and $456 in interest is earned?

Mathematics
2 answers:
malfutka [58]3 years ago
6 0

ur answer is 4.75 hope this helped u

icang [17]3 years ago
5 0
R=i/pt
R=456÷(1,600×6)
R=0.0475*100==4.75%
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