Question

Find the interest rate if $6600 has

a final value of $8847 in 4 years.
Give your answer to 1 d.p.

Answer 1

Interest = $ 2247.00

Explanation:

principal=$6600

Amount=$8847

time=4 years

Interest=Amount - principal

=$8847 - $ 6600

=$2247 =

=$2247.00