Calculate the rate of interest per year which will earn the given amount
of interest:
a Principal $400
interest $112
b Principal $800
time 7 years
interest $224
time 4 years
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Answer:All rates of interest given here are annual rates. Calculate the rate of interest per year which will earn the given amount of interest: a) Principal $400 time 4 years interest $112, b) Principal $800 time 7 years interest $224
Answer:All rates of interest given here are annual rates. Calculate the rate of interest per year which will earn the given amount of interest: a) Principal $400 time 4 years interest $112, b) Principal $800 time 7 years interest $224Step-by-step explanation:
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