(x - 1)/(n - 1) + (2n ^ 2 * (1 - x))/(n ^ 4 - 1) = (2x - 1)/(1 - n ^ 4) - (1 - x)/(1 + n)
1 answer:
You might be interested in
Answer:
7.3%
Step-by-step explanation:
Given:
<em>Formula for Rate of interest </em>:
Where is the rate of interest.
dollars is the loan and
years is the time for which interest is to be paid
To find:
Solution:
Putting the given values in the formula:
Multiply the above value with 100 to find the percentage.
i.e.
Therefore, the answer is <em>7.3%</em>