Question

How do you find the annual interest rate%?
You invest in an up-and-coming company. You deposit $2,000 for one year. At the end of the year you have a balance of $2,169.

Answer 1

Answer:

11.06

Step-by-step explanation:

if you deposit this ever mouth it will and up to 2000 for that year next for the 2,169 dolers thats left dived it by 12

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Answer 2

I/(P•T) so if the interest is 2000 it would be 2000/(2169•1) which would equal to 0.922083909635777 but only if the interest is 2000.