jalisse12prince jalisse12prince

Today at 6:37 PM
Mathematics

Answered

My final balance after 48 months was $896.00. If I originally put $800.00 into the bank, what was the interest rate?

Answer :

FallingWaterx FallingWaterx

Today at 6:42 PM

($896.00) = ($800.00)xRx(48/12)

So the rate would be 0.28 or 28% I think.

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total tax: 0.05(50 + 40)