Answer:
Rate = 13.173% per year
Step-by-step explanation:
**Not 100% sure about this answer, but I think it's right.**
Calculation Steps:
Solving for rate r as a decimal
r = n[(A/P)^1/^nt - 1]
r = 1 × [(668.00/359.80)^1/^(1)^(5) - 1]
r = 0.131731
Then convert r to R as a percentage
R = r * 100
R = 0.131731 * 100
R = 13.173%/year
