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Find the annual interest rate. REMEMBER TO SHOW WORK!! I = $41.80, P = $440, t = 2 years

Find the annual interest rate. REMEMBER TO SHOW WORK!! I = $41.80, P = $440, t = 2 years
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Find the annual interest rate.

REMEMBER TO SHOW WORK!!

I = $41.80, P = $440, t = 2 years

User Frash
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1 Answer

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Divide the interest by the time, then divide that number by the principal. you should get an answer that is 0.0475. or 4.75%
User Guy Nachshon
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Find the annual interest rate. I = $41.80, P = $440, t = 2 years A) 4.28% B) 12.7% C) 4.75% D) 9%
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