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kicyunya [14]
4 years ago
6

What equation can Miguel set up to solve for the annual interest rate

Mathematics
2 answers:
Neporo4naja [7]4 years ago
8 0

Answer:

Step-by-step explanation:

annual interest rate = (1 + (nominal rate / number of compounding periods)) ^ (number of compounding periods) - 1

GrogVix [38]4 years ago
3 0

Answer:

I = Prt

Step-by-step explanation:

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<img src="https://tex.z-dn.net/?f=f%20-%20354%20%3D%201221" id="TexFormula1" title="f - 354 = 1221" alt="f - 354 = 1221" align="
alukav5142 [94]

f-354=1221           <em>add 354 to both sides</em>

f+354-354=1221+354\\\\\boxed{f=1,575}\to\boxed{D.}

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