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Find the annual interest rate. I=$16I=$16, P=$200P=$200, t=2t=2 years
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Find the annual interest rate. I=$16I=$16, P=$200P=$200, t=2t=2 years

User Petr Felzmann
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1 Answer

5 votes
R=i/pt
R=16/200*2=0.04*100=4%
User Stefan Gehrig
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