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Agnes has $1,000 and she wants to have $1,100 accrued after 5 years. what rate does she need to have to meet her goal?
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Agnes has $1,000 and she wants to have $1,100 accrued after 5 years. what rate does she need to have to meet her goal?

User Destiny
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8.3k points

1 Answer

11 votes

Answer:

the formula to use is R = 100I/ PT

Explanation:

R = rate, I = interest = $1100, P = $ 1000, T= 5years

User Sstur
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