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Find the annual interest rate. Round your answer to the nearest hundredth of a percent. I=$160.67, P=$2000, t=8 months

Find the annual interest rate. Round your answer to the nearest hundredth of a percent. I=$160.67, P=$2000, t=8 months
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Find the annual interest rate. Round your answer to the nearest hundredth of a percent. I=$160.67, P=$2000, t=8 months

User Ossama
by
8.2k points

2 Answers

6 votes
I = P x r^t heres the formula
User SpankMe
by
8.1k points
5 votes

Answer:

12.05%

Explanation:

I hope this helps -Claire

User Rickerby
by
8.4k points
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