Asked by Anonymous
I deposit 2,500.00for 7months and make 19.76in interest. What. Rate of interest an i receiving?
Answers
Answered by
Steve
assuming simple interest,
2500*7*r/12 = 19.76
r = .0135, or 1.35%
2500*7*r/12 = 19.76
r = .0135, or 1.35%
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