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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 The annual interest rate is %.
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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
The annual interest rate is %.

User Tanveer Uddin
by
3.9k points

1 Answer

13 votes

Answer:

1.57

Explanation:

2000/8=250 250/160.67= 1.56

User Belfield
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