Question

How do we find the interest rate in an annuity?

Answer 1

Answer:

A = Total accrued amount (principal + interest)

P = Principal amount.

I = Interest amount.

R = Rate of Interest per year as a percent; R = r * 100.

t = Time period involved in months or years.

Answer 2

Explanation:

How to Calculate the Interest Rate in an Ordinary Annuity:

1. A = Total accrued amount (principal + interest)
2. P = Principal amount.
3. I = Interest amount.
4. r = Rate of interest per year in decimal; r = R/100.
5. R = Rate of Interest per year as a percent; R = r * 100.
6. t = Time period involved in months or years.

Hope it will help you...