Suzy buys 35 pounds of rice. she divides it equally into 100 bags. how many pounds of rice does suzy put in each bag?
2 answers:
You might be interested in
Answer:
6.9%
Step-by-step explanation:
Interest rate is the one variable in an amortization formula that cannot be determined explicitly. An iterative solution is required, which means the computation must be done by a calculator, spreadsheet, or web site.
My TI-84 TVM Solver tells me that for the given loan amount and payment schedule, the APR is about 6.9%.
