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Maksim231197 [3]
3 years ago
10

URGENT!

Mathematics
1 answer:
stepladder [879]3 years ago
8 0

Answer:

Rate = 13.173% per year

Step-by-step explanation:

**Not 100% sure about this answer, but I think it's right.**

Calculation Steps:

Solving for rate r as a decimal

r = n[(A/P)^1/^nt - 1]

r = 1 × [(668.00/359.80)^1/^(1)^(5) - 1]

r = 0.131731

Then convert r to R as a percentage

R = r * 100

R = 0.131731 * 100

R = 13.173%/year

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