Answer:
20%
Step-by-step explanation:
To find this, set up a ratio of percent over 100 equals is over of. Is being 32 and of being 160.
=
Then, cross multiply. Multiply 32 by 100 before dividing by 160 in order to get the final answer of 20%.
32 x 100 = 3200
3200/160 = 20
Hope this helps!
Answer:
4%
Step-by-step explanation:
To solve this problem we can use a modified version of the simple interest formula which is shown below:
<em>P = initial balance</em>
<em>I = interest</em>
<em>t = time</em>
<em />
Plug the values into the equation:
The last step is to convert 0.04 into a percent:
0.04(100) = 4
The interest rate is 4%.