Register
3. Suppose Natalie put $2,400 in the bank for 5 years. She makes $9.20 in interest every month. What is the annual interest rate?
233k views
0 votes
3. Suppose Natalie put $2,400 in the bank for 5 years. She makes $9.20 in interest

every month. What is the annual interest rate?

User Dave Arkell
by
8.3k points

1 Answer

3 votes

Annual interest rate is 4.6%

hope this helps!

User Xavero
by
8.4k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
Write words to match the expression. 24- ( 6+3)
A dealer sells a certain type of chair and a table for $40. He also sells the same sort of table and a desk for $83 or a chair and a desk for $77. Find the price of a chair, table, and of a desk.
Link Copied!