finellahesin finellahesin

18-05-2021
Mathematics

contestada

What annual rate of interest would you have to earn on an investment of $5500 to ensure receiving $434.50 interest after one year?
PLEASE HELPPPP

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smolsara528 smolsara528

18-05-2021

answer: 0.079 , 7.9%
434.50/5500 = 0.079

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