delenewilliams1 delenewilliams1

04-01-2015
Mathematics

contestada

With interest of $1,832.00 and a principal of $16,000 for 206 days, use the ordinary interest method to determine the rate.

Respuesta :

briemodee525 briemodee525

04-01-2015

I = 1832
P = 16000
T = 206/365 years
Rate of interest = [100*I] / [P*T]
= [100*1832] / [16000*206/365]
= 20.29% per annum

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caitielittlep2ddz6 caitielittlep2ddz6

25-03-2019

Answer:

20%

Step-by-step explanation:

Answer Link

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