2 years ago

Find the interest rate if £6400 has a final value of £8334 in 3 years. Give your answer to 1 d.p

1 answer:

Mila [183]2 years ago

4 0

Answer:

Step-by-step explanation:

6400(1+i)³=8334

(1+i)³=1.3021875

∛(1+i)³=∛(1.3021875)

1+i= 1.092

i= .092

I guess if you were to round to 1 decimal point it'd be .1

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Find the interest rate if £6400 has a final value of £8334 in 3 years. Give your answer to 1 d.p​