Register
My final balance after 48 months was 896. If I originally put 800 in the bank,what was was the interest rate
207k views
0 votes
My final balance after 48 months was 896. If I originally put 800 in the bank,what was was the interest rate

User Ezequiel Fernandez
by
8.2k points

1 Answer

3 votes
96/48 = 2

So the answer is 2% interest rate per month
User Tomgrohl
by
8.1k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.5m questions

12.2m answers

Other Questions

What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Write words to match the expression. 24- ( 6+3)
A dealer sells a certain type of chair and a table for $40. He also sells the same sort of table and a desk for $83 or a chair and a desk for $77. Find the price of a chair, table, and of a desk.
Link Copied!