Interest earned: $76 Principal: $800 Interest rate:? Time: 2 years

Kreya asked Mar 7, 2022

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23 votes

Interest earned: $76
Principal: $800
Interest rate:?
Time: 2 years

Kreya asked Mar 7, 2022

by Kreya

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22 votes

Answer:

19%

interest earned = base × time × rate

interest rate = interest earned/ base × time

76/800*2 = 0.19 = 19%

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