Question

at what rate simple interest will be 579 amount to be 7817.85 in 5 years​

Answer 1

Answer:

(1 + i)^5 * 579 = 7817.85

(1 + i)^5 = 13.50

1 + i = 1.683   taking the 1/5 root of both sides

i = 68.3%