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23 December, 23:12

Item 8

Find the annual interest rate. Round your answer to the nearest hundredth of a percent.

I=$160.67, P=$2000, t=8 months

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Answers (1)
  1. 23 December, 23:39
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    The answer is 160.67 = (2000) xr*8/12; r=0.02277
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