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lamashermosa23
01.02.2021 •
Mathematics
Moira borrowed $4,500 from her grandfather to pay for her first year of college. Three years later, she repaid the $4,500 along with an interest of $243. What was the annual interest rate? Round your answer to one decimal place.
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Ответ:
9514 1404 393
1.8%
Step-by-step explanation:
The effective rate can be found using the simple interest formula.
I = Prt . . . interest of principal P at annual rate r for t years
r = I/(Pt) . . . . solve for r
Using the given numbers, we have ...
r = 243/(4500·3) = 0.018 = 1.8%
The annual interest rate was 1.8%.
Ответ:
Just add the two numbers and it will give the answer 2100: