2 years ago

Answer for brainliest no wrong answers please :)

Mathematics

1 answer:

nadezda [96]2 years ago

8 0

9514 1404 393

Answer:

Step-by-step explanation:

The amount of simple interest is given by ...

I = Prt . . . . . amount P invested at annual rate r for t years

This can be solved for r:

r = I/(Pt)

Using the given values, we find the rate to be ...

r = 16/(200·2) = 16/400 = 4/100 = 4%

The annual interest rate is 4%.

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