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Find the Annual Interest Rate: r = I (Pt) ' 100 | = $310 P = $1000 t= 5 years
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Find the Annual Interest Rate:

r =

I

(Pt)

'

100

| = $310

P = $1000

t= 5 years

User Morganfree
by
4.7k points

1 Answer

1 vote

Answer:

interest is equal to the product of profit and the year. 5(1000)

User DLeh
by
5.3k points
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