Now, multiply both sides by 6 and you get.....
df+10=6g
now, subtract 10 on both sides and you get.....
df=6g-10
now divide both sides by d to get f by itself and you get........
How do you multiply 6 by 67 by 123 by 6789
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Now, multiply both sides by 6 and you get.....
df+10=6g
now, subtract 10 on both sides and you get.....
df=6g-10
now divide both sides by d to get f by itself and you get........
Invested amount (P) = $300.
Time in years (t) = 2 years.
Balance after 2 years (A) = $329.49.
Let us assume rate of interest = r % compounds annually.
We know, formula for compound interest
Plugging values in formula, we get
Taking square root on both sides, we get
r=0.048.
Converting it into percentage by multiplying by 100.
r=0.048 × 100
r = 4.8 %
Therefore, the rate of interest on the account is 4.8% compounds annually.