xxhaydeeavila xxhaydeeavila
  • 15-02-2017
  • Mathematics
contestada

What is the annual interest rate if $1600 is invested for 6 years and $456 in interest is earned?

Respuesta :

scme1702
scme1702 scme1702
  • 22-02-2017
Interest = Investment x (interest rate)^time periods

456 = 1600(IR)⁶
IR = 0.811
Answer Link

Otras preguntas

round 1.595 to 2 decimal places
Which statement best describes the political structure of the ancient Mayas?
how to right a precent of 53 over 200
Which of the following caused renewed fighting between Americans and western Indians during the 1860s? a. Americans began to enslave Indians b. British Canadi
Lauren is making punch. The ratio of juice to ginger ale in the punch recipe is 2 to 3. If Lauren has 9 pints of ginger ale, how many pints of juice does she ne
How do you divide thirty one point five by ten?
If 1,760 yd = 1 mile, then 880 yd= mi
Who used a question and answer method of arriving at important truths
Which lines are enjambed in this excerpt from John Milton’s Paradise Lost? I may assert th' Eternal Providence, And justifie the wayes of God to men. Say fi
Find the unit rate and round to the nearest hundredth if necessary 750 yards in 25 minutes