jalisse12prince jalisse12prince

03-03-2018
Mathematics

contestada

My final balance after 48 months was $896.00. If I originally put $800.00 into the bank, what was the interest rate?

Respuesta :

FallingWaterx FallingWaterx

03-03-2018

($896.00) = ($800.00)xRx(48/12)

So the rate would be 0.28 or 28% I think.

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