How would I find the interest rate of a certain amount?
2 answers
need more info. something about the amount, the payment, etc. is needed
P dollars equals to an interest rate r for T years= T=P+Prt. An investment of $10,000 grew to at least $12,000 in two years, what is the minimum interest rate at which can be invested ?
I'm not sure how to set this problem
I'm not sure how to set this problem
2 answers