nicolemosquera nicolemosquera

16-06-2022
Mathematics

contestada

Find the interest rate for a principal of $8635 and charged $33549 in interest for 11 years.
Round your answer to 1 decimal place.

Respuesta :

HakinHak HakinHak

27-06-2022

Answer:

rate = 0.4 %

Step-by-step explanation:

Interest = principal x rate x time

33549 = 8635 x r x 11

33549 = 94985r

r = 33549/94985

r = 0.3532

r = 0.4

rate = 0.4 %

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