128k views
5 votes
At what rate will £420 yield
£70 in 4 years​

User Amit Raz
by
7.7k points

1 Answer

7 votes

Answer:

4.17%

Explanation:

Rate = interest earned / (principal x time)

70 / (4 x 420) = = 0.0417 = 4.17%

User Jogloran
by
8.0k points

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