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

User Amit Raz
by
7.0k 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
7.3k points
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