Math, asked by alexzandertrowbridge, 7 months ago

After 5 years, an $2,450 investment is worth $3,123.75 what is the interest rate

Answers

Answered by anjaliiiiii

1

Answer:

5.5

Step-by-step explanation:

interest = 3123.75 - 2450

= 673.75

interest = p×r× t/100

673.75 = 2450 × r × 5 / 100

r = 5.5

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